Welcome to our dedicated page for Boliden Ab news (Ticker: BDNNY), a resource for investors and traders seeking the latest updates and insights on Boliden Ab stock.
Boliden AB (BDNNY) is a leading European producer of sustainable metals through integrated mining, smelting, and recycling operations. This page serves as a comprehensive resource for stakeholders tracking the organization’s strategic developments, operational milestones, and industry leadership.
Access authoritative updates on earnings reports, infrastructure investments, and technological innovations such as low-carbon metal production. Users can expect coverage of acquisitions, sustainability initiatives, and operational enhancements across Boliden’s mining and processing facilities.
Explore press releases detailing advancements in copper and zinc production, recycling breakthroughs, and environmental performance metrics. The curated news collection supports informed analysis of Boliden’s market position and long-term value drivers.
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Boliden (BDNNY) has inaugurated the world's most climate-efficient zinc smelter at Boliden Odda in Norway, marking a significant milestone in the company's largest investment project. The extensive facility upgrades will increase production capacity from 200 to 350 ktonnes, establishing it as Europe's second-largest zinc smelter.
The modernization includes new infrastructure for logistics and energy, a new roasting furnace, sulfuric acid plant, cellhouse, and improvements to the leaching, cleaning plant, and foundry. The enhanced facility will achieve 1,000 tonnes of cast zinc production per full-time employee annually, making it the world's most productive zinc smelter.
The project represents one of Norway's largest industrial investments on the mainland, continuing the 100-year legacy of zinc production in Odda. The upgraded facility will primarily serve European markets, focusing on rust protection applications across construction, automotive, and growing energy sectors, particularly wind turbines.
Boliden AB's Nomination Committee has proposed expanding its board with the addition of Victoire de Margerie as a new Board Member at the upcoming Annual General Meeting on April 23, 2025. The committee also recommends re-electing all current board members.
De Margerie, born in 1963, brings extensive experience in metals and polymers industry, currently serving as Executive Chairman of Rondol Industrie and Board Director at Verkor. Her background includes board positions at notable companies like Eurazeo, Arkema, and Norsk Hydro. She holds a PhD in Management Science from Université de Paris 2 Panthéon-Assas and various other academic qualifications.
The committee proposes Karl-Henrik Sundström to continue as Chairman of the Board. The Nomination Committee consists of Lennart Francke (Swedbank Robur Fonder) as Chairman, Karin Eliasson (Handelsbanken Fonder), and Patrik Jönsson (SEB fonder), with Sundström as co-opted member.
Boliden (BDNNY) announces production challenges at its Aitik copper mine due to high deposits of hard diorite rock encountered during a new pushback operation. The company expects:
- First quarter 2025 production of just over 9 Mtonnes
- Full-year 2025 production estimate of nearly 40 Mtonnes
- Copper grade maintaining at 0.16%
The challenges stem from oxidized ore and diorite deposits in an area representing half of Aitik's production. The oxidization negatively impacts recoveries, while the hard rock significantly limits grinding capacity. These conditions are expected to persist throughout 2025.
Boliden AB has completed a share repurchase program during February 7-10, 2025, acquiring 100,000 treasury shares for a total of SEK 37,508,826. The repurchase was conducted to ensure future share delivery for the company's long-term share savings programme 2024/2027.
The transactions included 95,864 shares at SEK 374.9054 per share on February 7, and 4,136 shares at SEK 379.3267 per share on February 10. All acquisitions were made on Nasdaq Stockholm through Skandinaviska Enskilda Banken AB. Following these transactions, Boliden's treasury shares total 140,000 out of 273,511,169 total shares outstanding.
Boliden's Board of Directors has approved a share repurchase program based on the authorization from the April 23, 2024 Annual General Meeting. The company plans to repurchase up to 100,000 shares on Nasdaq Stockholm between February 7-28, 2025, with a maximum expenditure of SEK 40 million.
The primary purpose is to ensure future share delivery to participants in Boliden's long-term share savings programme 2024/2027. Skandinaviska Enskilda Banken AB will execute the repurchases independently, following EU market abuse regulations and Safe Harbour rules. The company currently holds 40,000 treasury shares out of 273,511,169 total shares, and the repurchase must not exceed 10% of all shares.
Boliden has released its Mineral Resources and Mineral Reserves report for 2024, with exploration costs reaching SEK 929m. Key highlights include:
- Garpenberg showed strong performance with Mineral Reserves increasing by 5 Mtonnes (5%) and Mineral Resources up by 34 Mtonnes (38%)
- Aitik experienced a decrease in Mineral Reserves of 52 Mtonnes (5%) and Mineral Resources reduced by 35 Mtonnes (4%)
- The Boliden Area saw Mineral Reserves increase by 1 Mtonnes (7%) and Mineral Resources up by 2.5 Mtonnes (10%)
- Kevitsa reported a net increase in Mineral Reserves of 15 Mtonnes (19%) and Mineral Resources up by 15 Mtonnes (9%)
- Tara resumed production in October 2024, with ongoing work on a new production plan
The company also updated its long-term planning prices, with notable increases in copper (+$600/tonne), gold (+$200/oz), and silver (+$3/oz)
Boliden reported strong Q4 2024 financial results with revenues of SEK 25,785m (up from 20,754m) and operating profit of SEK 4,098m (up from 2,096m). The company demonstrated significant improvement in free cash flow, reaching SEK 4,264m compared to 1,663m in the previous year.
Key operational highlights include higher production volumes in both Mines and Smelters segments, particularly strong performance in the Boliden Area and Garpenberg mines, and robust operations at Finnish smelting units Harjavalta and Kokkola. The company announced the completion of the Aitik dam project and near-completion of the Odda expansion project.
Notably, Boliden has agreed to acquire mines Neves-Corvo and Zinkgruvan from Lundin Mining. The Board has proposed to cancel the ordinary dividend for 2024 to reduce the proposed share issue amount related to this acquisition.
At Boliden's Extraordinary General Meeting held on January 23, 2025, in Stockholm, shareholders approved a significant resolution authorizing the Board of Directors to issue new shares. The authorization allows for multiple share issues until the Annual General Meeting 2025, with or without preferential rights for existing shareholders.
If executed without preferential rights, the new share issuance is capped at 15 percent of the total shares outstanding as of the Extraordinary General Meeting date. The primary purpose of this share issuance is to optimize capital structure and refinance approximately half of the bridge loan used to acquire Neves-Corvo and Zinkgruvan operations.
Boliden (BDNNY) has announced it will release its Q4 2024 Interim Report on February 6, 2025, at 07:45 CET. President and CEO Mikael Staffas and CFO Håkan Gabrielsson will host a press and analyst conference at 09:30 CET at the Klara venue in Stockholm.
The presentation will be accessible via both webcast and telephone conference. Participants joining via telephone must register 5 minutes before the conference start. The presentation materials and recorded webcast will be made available on Boliden's website following the event.
Boliden has announced updated estimates for Mineral Resources and Mineral Reserves at its Kevitsa mine, showing significant increases in both categories. The Mineral Reserve tonnage increased by 15 Mtonnes (19%) to 97,500 Ktonnes, with average grades of 0.22% for nickel and 0.31% for copper. The mine life has been extended to 10 years at a production pace of 10 Mtonnes per year.
For 2025, production grade guidance is set at 0.17% for nickel and 0.23% for copper, temporarily below the life-of-mine average due to mining in certain low-grade areas. The company has also postponed the decision on a potential Stage 5 project by several years. Additionally, 20 Mtonnes previously downgraded from Mineral Reserves in 2023 have been converted back, following changes in the Tailing Storage Facility construction method.
