Boliden's Capital Markets Day: Commissioning of Odda and well-filled project portfolio
Boliden (BDNNY) provided updates during its Capital Markets Day on several key projects and expansions. The Odda zinc smelter expansion is entering its final phase, increasing capacity from 200 to 350 ktonnes annually, with expected annual EBITDA of EUR 150 million at full production. Ramp-up is scheduled for H2 2025.
The company reported progress on multiple mining projects: The Kristineberg mine investment completion will enable full concentrator capacity utilization for 10 years. At Garpenberg, a new paste plant investment was approved, with plans to increase production to 4.5 Mtonnes pending environmental permits. The Nautanen copper deposit holds 25.5 Mtonnes of mineral resources with high copper and precious metal grades, with production targeted for 2030.
Additionally, Boliden's cement replacement development project shows promising results, with over 10 potential customers engaged. A pilot project with 300 ktonnes production capacity is under evaluation, with an investment decision expected in H2 2025.
Boliden (BDNNY) ha fornito aggiornamenti durante il suo Capital Markets Day su diversi progetti chiave e espansioni. L'espansione della fonderia di zinco di Odda sta entrando nella sua fase finale, aumentando la capacità da 200 a 350 ktonnellate all'anno, con un EBITDA annuale previsto di 150 milioni di euro a piena produzione. L'avvio della produzione è programmato per il secondo semestre del 2025.
L'azienda ha riportato progressi su molteplici progetti minerari: il completamento dell'investimento nella miniera di Kristineberg consentirà l'utilizzo completo della capacità del concentratore per 10 anni. A Garpenberg, è stato approvato un nuovo investimento in un impianto di pasta, con piani per aumentare la produzione a 4,5 Mtonnellate in attesa dei permessi ambientali. Il giacimento di rame di Nautanen contiene 25,5 Mtonnellate di risorse minerarie con alti gradi di rame e metalli preziosi, con produzione prevista per il 2030.
Inoltre, il progetto di sviluppo per la sostituzione del cemento di Boliden mostra risultati promettenti, con oltre 10 potenziali clienti coinvolti. Un progetto pilota con una capacità di produzione di 300 ktonnellate è in fase di valutazione, con una decisione di investimento prevista per il secondo semestre del 2025.
Boliden (BDNNY) proporcionó actualizaciones durante su Capital Markets Day sobre varios proyectos clave y expansiones. La expansión de la fundición de zinc de Odda está entrando en su fase final, aumentando la capacidad de 200 a 350 ktoneladas anuales, con un EBITDA anual esperado de 150 millones de euros a plena producción. Se programó el inicio para el segundo semestre de 2025.
La empresa informó sobre avances en múltiples proyectos mineros: la finalización de la inversión en la mina de Kristineberg permitirá la utilización completa de la capacidad del concentrador durante 10 años. En Garpenberg, se aprobó una nueva inversión en una planta de pasta, con planes para aumentar la producción a 4,5 Mtoneladas, pendientes de permisos ambientales. El depósito de cobre de Nautanen contiene 25,5 Mtoneladas de recursos minerales con altos grados de cobre y metales preciosos, con producción prevista para 2030.
Además, el proyecto de desarrollo para la sustitución de cemento de Boliden muestra resultados prometedores, con más de 10 clientes potenciales involucrados. Un proyecto piloto con una capacidad de producción de 300 ktoneladas está en evaluación, con una decisión de inversión esperada para el segundo semestre de 2025.
Boliden (BDNNY)는 자본 시장의 날 동안 여러 주요 프로젝트 및 확장에 대한 업데이트를 제공했습니다. Odda 아연 제련소 확장이 마지막 단계에 접어들며 연간 용량이 200에서 350 k톤으로 증가하고, 완전 생산 시 연간 EBITDA는 1억 5천만 유로가 예상됩니다. 생산 증가가 2025년 하반기로 예정되어 있습니다.
회사는 여러 채굴 프로젝트의 진행 상황을 보고했습니다: Kristineberg 광산 투자 완료는 10년 동안 농축기 용량을 완전히 활용할 수 있게 합니다. Garpenberg에서는 새로운 페이스트 플랜트 투자가 승인되었으며, 환경 허가가 승인되면 생산을 4.5 M톤으로 늘릴 계획입니다. Nautanen 구리 매장지는 높은 구리 및 귀금속 등급을 가진 25.5 M톤의 광물 자원을 보유하고 있으며, 2030년 생산을 목표로 하고 있습니다.
또한, Boliden의 시멘트 대체 개발 프로젝트는 10명 이상의 잠재 고객과의 협력으로 유망한 결과를 보여주고 있습니다. 300 k톤의 생산 용량을 가진 파일럿 프로젝트가 평가 중이며, 2025년 하반기에 투자 결정을 내릴 예정입니다.
Boliden (BDNNY) a fourni des mises à jour lors de sa journée des marchés de capitaux sur plusieurs projets clés et extensions. L'extension de la fonderie de zinc d'Odda entre dans sa phase finale, augmentant la capacité de 200 à 350 ktonnes par an, avec un EBITDA annuel prévu de 150 millions d'euros à pleine production. Le démarrage est prévu pour le deuxième semestre 2025.
L'entreprise a signalé des progrès sur plusieurs projets miniers : l'achèvement de l'investissement dans la mine de Kristineberg permettra une pleine utilisation de la capacité du concentrateur pendant 10 ans. À Garpenberg, un nouvel investissement dans une usine de pâte a été approuvé, avec des plans pour augmenter la production à 4,5 Mtonnes en attente des permis environnementaux. Le gisement de cuivre de Nautanen contient 25,5 Mtonnes de ressources minérales avec des teneurs élevées en cuivre et en métaux précieux, avec une production prévue pour 2030.
De plus, le projet de développement de remplacement de ciment de Boliden montre des résultats prometteurs, avec plus de 10 clients potentiels engagés. Un projet pilote avec une capacité de production de 300 ktonnes est en cours d'évaluation, avec une décision d'investissement prévue pour le deuxième semestre 2025.
Boliden (BDNNY) gab während seines Capital Markets Day Updates zu mehreren Schlüsselprojekten und Erweiterungen bekannt. Die Erweiterung des Zinkschmelzwerks in Odda tritt in die letzte Phase ein, wobei die Kapazität von 200 auf 350 ktonnen jährlich erhöht wird, mit einem erwarteten jährlichen EBITDA von 150 Millionen Euro bei voller Produktion. Der Anlauf ist für das zweite Halbjahr 2025 geplant.
Das Unternehmen berichtete über Fortschritte bei mehreren Bergbauprojekten: Der Abschluss der Investition in die Kristineberg-Mine wird die volle Auslastung der Kapazität des Konzentrators für 10 Jahre ermöglichen. In Garpenberg wurde eine neue Investition in eine Pastenanlage genehmigt, mit dem Plan, die Produktion auf 4,5 Mtonnen zu erhöhen, sobald die Umweltgenehmigungen vorliegen. Das Kupferlager Nautanen enthält 25,5 Mtonnen mineralischer Ressourcen mit hohen Kupfer- und Edelmetallgehalten, wobei die Produktion für 2030 angestrebt wird.
Darüber hinaus zeigt Bolidens Projekt zur Zementersatzentwicklung vielversprechende Ergebnisse, mit über 10 potenziellen Kunden, die beteiligt sind. Ein Pilotprojekt mit einer Produktionskapazität von 300 ktonnen wird derzeit evaluiert, mit einer Investitionsentscheidung, die für das zweite Halbjahr 2025 erwartet wird.
- Odda zinc smelter expansion to generate EUR 150M annual EBITDA
- Zinc production capacity increasing from 200kt to 350kt at Odda
- Successful exploration enabling mining operations extension through 2030s
- Nautanen copper deposit holds 25.5 Mtonnes of high-grade resources
- Copper and nickel grades improving at Aitik and Kevitsa mines
- Strong commercial interest in cement replacement project with 10+ potential customers
- Additional investments required to reach 4.5 Mtonnes production at Garpenberg
- Environmental permits pending for multiple expansion projects
- Nautanen production not expected to start before 2030
"In recent years, we have focused on making three key investments in Aitik, the Boliden area and Odda. As we now look ahead, together with the announced acquisitions, we will take a new important step in the company's history while we have a project portfolio that has the potential to create very large values in the coming decade," says Mikael Staffas, President and CEO.
Odda expansion investment
The Odda zinc smelter is now completing the final phase of its investment project to increase capacity from 200 ktonnes to 350 ktonnes of zinc per year, while in parallel enabling the extraction of additional by-products. The investment undertaken has included reinforced power supply and quay infrastructure as well as a new roasting furnace, a new sulphuric acid plant and the expansion and modernization of the leaching and purification plant, a new tankhouse and the expansion of the foundry. At full production, the investment is expected to generate
Promising development of cement replacement
In Business Area Smelters, a development project in cement replacement continues to show very promising results. The preliminary study, which is still in progress, has been able to verify that high demands on product properties are met. There is considerable commercial interest in the product, with more than 10 confirmed customer stakeholders, where joint studies have been initiated. The carbon footprint of the cement replacement product is significantly lower than traditional cement production. In a first stage, a pilot project with a production capacity corresponding to 300 ktonnes is being investigated and an investment decision is expected in the second half of 2025.
Significant opportunities for value creation in existing mining areas
Several of Boliden's mining areas already generate very high values. At several of these, successful exploration has laid the foundation for the continued development of operations. In the Boliden Area, the investment in the Kristineberg mine is now being completed, which will enable full capacity utilization in the mining area's joint concentrator for the next 10 years. In addition, ongoing projects for the recycling of tailings will enable production until the end of the 2030s. Further exploration efforts are also being carried out in connection with existing mines, and the initial results of these are very promising. In addition, a gold-rich deposit called Älgträsk, where Boliden already holds a mining concession, is also being evaluated with the aim of investigating opportunities for applying for an environmental permit and how value creation can be maximized. At Garpenberg, an investment in a new paste plant for backfilling has been decided. The development opportunities at this mine are also very good and, as a first step, an application to increase production to 4.5 Mtonnes has been submitted. However, to reach this production level in a sustainable way, some additional investments are required. In parallel, studies are underway for further production increases, beyond 4.5 Mtonnes in Garpenberg. The investment now decided, is therefore being carried out in a way that allows for further extensions. In addition to a new environmental permit, this requires, among other things, increased mine production, a new hoist, increased concentrator capacity and also new capacity for the disposal of tailings.
At Boliden's open-pit mines Aitik and Kevitsa, copper and nickel grades will improve in the coming years. In connection with Aitik, studies and preparations are also underway to apply for an environmental permit for the Nautanen copper deposit. The total Mineral Resources currently amounts to 25.5 Mtonnes with a high copper grade and good precious metal grades. Exploration is ongoing at the deposit and production is expected to commence in 2030 at the earliest.
During today's digital capital markets update, in-depth information on the above will be presented, as well as information on the development of the sustainability area and Boliden's financial returns through business cycles. The event can be followed via a live webcast starting at 15:30 CET.
Link to the webcast:
https://boliden.videosync.fi/2025-03-18-cmd2025
The presentations will be available on Boliden's website www.boliden.com.
For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.nilsson@boliden.com
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Boliden Capital Markets Day press release |
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SOURCE Boliden
FAQ
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