BOLIDEN AB UNSP/ADR - BDNNY STOCK NEWS

Boliden has announced the introduction of an Autonomous Hauling System at its Aitik mine, investing SEK 218 million for full implementation by 2024. This initiative aims to enhance productivity and asset utilization in response to increasing transport demands, while maintaining cost competitiveness. The project will also improve the safety and attractiveness of the work environment through extensive staff training. This marks the first roll-out of such a system in the EU, reinforcing Aitik's status as the world's most productive copper mine.

Boliden will release its third quarter 2021 Interim Report on October 22 at 07:45 CET. A press and analyst conference is scheduled for 09:30 CET, accessible via live webcast and telephone. Boliden's President and CEO, Mikael Staffas, and CFO Håkan Gabrielsson will present the report. Interested participants can join via a specified telephone number based on their location. For further information, contact Olof Grenmark, Director of Investor Relations.

Boliden's Q2 2021 report shows a substantial increase in revenues, reaching SEK 17,891 m, compared to SEK 13,391 m in Q2 2020. The company reported an operating profit of SEK 2,785 m, up from SEK 1,801 m, and earnings per share soared to SEK 8.00, up from SEK 4.92. Strong cash flow of SEK 2,013 m indicates robust financial health. Boliden is also investing EUR 700 m to enhance its Odda smelter capacity, reflecting a commitment to growth amidst high metal prices and stable production.

Boliden is undertaking a significant EUR 700 million investment to expand its Boliden Odda facility in Norway, increasing annual zinc production capacity from 200 Ktonnes to 350 Ktonnes by the end of 2024.

This expansion will enhance productivity, utilize fossil-free electricity, and employ sustainable waste management techniques. The investment also includes new facilities, such as a sulphuric acid plant and improved digitization for better efficiency. All necessary environmental permits are secured, marking this as one of Boliden's largest investments aimed at enhancing sustainable zinc production.

Boliden reported strong financial results for Q2 2021, with sales reaching SEK 17,891 million, up from SEK 13,391 million a year earlier. The operating profit, excluding inventory revaluation, surged to SEK 2,616 million compared to SEK 1,634 million. Free cash flow also saw a significant increase to SEK 2,013 million from SEK 1,174 million. Operating profit from Boliden Mines hit a record SEK 2,192 million, influenced by higher metal prices, although lower grades impacted copper and precious metals production.

Boliden will release its Interim Report for Q2 2021 on July 22 at 07:45 CET. An analyst conference will follow at 09:30, accessible via webcast and phone. The presentation will be delivered by President and CEO Mikael Staffas and CFO Håkan Gabrielsson. To join, call five minutes before the conference starts using the numbers provided for Sweden, the UK, and the US, with a PIN code required.

For further inquiries, contact Olof Grenmark, Director Investor Relations.

Boliden announced a significant 40 MEUR investment in enhancing infrastructure at the Port of Pori to improve concentrate handling to Harjavalta. This initiative, part of a larger investment plan exceeding SEK 7 billion in 2021, focuses on upgrading environmental performance and operational efficiency. Key developments include the construction of a new weighing and sampling facility, a warehouse, and improvements to quay infrastructure, all expected to be operational by early 2023. The investment aims to bolster productivity, competitiveness, and sustainability.

Boliden announced a successful share split of 2:1 effective May 27, 2021, resulting in an increase of shares from 273,511,169 to 547,022,338. On May 31, 2021, the Swedish Companies Registration Office confirmed the registration of 273,511,169 redemption shares. Shareholders will receive SEK 6 per redeemed share, distributed automatically on record date June 2, 2021, with payments around June 7, 2021. Boliden is noted for its sustainable development focus in mining and smelting, with an annual turnover of SEK 50 billion.

Boliden has released its report detailing payments to government agencies pertaining to extractive industry operations in Sweden, Finland, and Ireland for the year 2020. This report, mandated by Swedish law, aims for transparency in how companies operate within the extractive sector. Boliden, a metals company with a SEK 50 billion annual turnover and around 6,000 employees, is committed to sustainable development while maintaining a global market presence. The information was disseminated in compliance with the Securities Markets Act and is available for public access.