Boliden: Update expansion project Odda and capital expenditure guidance 2025 [Yahoo! Finance]
BOLIDEN AB UNSP/ADR (BDNNY)
NASDAQ:AMEX Investor Relations:
boliden.com/investor-relations
Company Research
Source: Yahoo! Finance
Several of these investments are now largely completed, however, delays have occurred in the roasting facility in particular. This means that the ramp-up towards the new production level will start at the end of the first quarter of 2025. The delay means an increase in the cost of the project of EUR 100 m . Boliden's total capital expenditures for 2024 are still estimated at SEK 15.5 billion and for 2025 Boliden's capital expenditures are estimated at SEK 13.5 billion In addition to enhanced electricity supply and quay infrastructure, the investment in Odda also includes a new roasting facility, a new sulfhuric acid plant, expansion and modernization of the leaching and purification plant, a new tankhouse and expansion of the foundry. In the vast majority of cases, the work follows the original plan, which means completion and commissioning towards the end of 2024. Due to delayed construction works at primarily the roasting facility, the new production capacity 350 ktonnes will be d
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