STOCK TITAN

Nickel production at Harjavalta stopped due to slag explosion

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On December 24, a slag explosion occurred at Boliden's Harjavalta smelter, halting nickel production. Fortunately, there were no injuries. The incident affected the mechanical construction and slag tapping system, leading to a production stoppage expected to last until mid-January. The estimated financial impact on EBIT is 100 MSEK, with 50 MSEK anticipated in Q4 2021 due to lost production and repair costs.

Positive
  • None.
Negative
  • Nickel production halted until mid-January.
  • Estimated EBIT impact of 100 MSEK due to repair costs and lost production, with half affecting Q4 2021.

BOLIDEN, Sweden, Dec. 27, 2021 /PRNewswire/ -- Nickel production at the Harjavalta smelter has been stopped due to a slag explosion that was the result of a process malfunction in the nickel electric furnace slag tapping system on December 24. 

No one was injured as a result of the explosion. The main damage is in the mechanical construction and the slag tapping system. Production in the nickel line has been stopped and is estimated to be offline until mid January. 

Current estimates on the impact on EBIT due to the lost production and repair costs, is 100 MSEK, of which half in Q4 2021.

For further information, please contact:
Håkan Gabrielsson, CFO, phone: ++46 70 844 0918
Mail: hakan.gabrielsson@boliden.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/nickel-production-at-harjavalta-stopped-due-to-slag-explosion,c3478614

The following files are available for download:

https://mb.cision.com/Main/997/3478614/1514814.pdf

Press release Harjavalta Ni line slag explosion

 

Cision View original content:https://www.prnewswire.com/news-releases/nickel-production-at-harjavalta-stopped-due-to-slag-explosion-301450839.html

SOURCE Boliden

FAQ

What caused the nickel production halt at Boliden's Harjavalta smelter?

A slag explosion resulting from a process malfunction in the nickel electric furnace slag tapping system caused the production halt.

When is production expected to resume at the Harjavalta smelter?

Production is estimated to be offline until mid-January.

What is the estimated financial impact of the Harjavalta incident on Boliden?

The estimated impact on EBIT is 100 MSEK, with half expected in Q4 2021.

Were there any injuries reported from the slag explosion at the Harjavalta smelter?

No injuries were reported as a result of the slag explosion.

BOLIDEN AB UNSP/ADR

OTC:BDNNY

BDNNY Rankings

BDNNY Latest News

BDNNY Stock Data

8.47B
136.74M
0%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Stockholm