Brief: Boliden: Decision To Adjust Dam Construction In Aitik

Boliden AB

11/04/2022 07:03

April 11 (Reuters) - Boliden AB  BOL.ST :
    * DECISION TO ADJUST DAM CONSTRUCTION IN AITIK
    * INVESTMENTS OVER NEXT TWO YEARS ARE EXPECTED TO LEAD TO
INCREASED INVESTMENTS OF A TOTAL OF SEK 5 BILLION, OF WHICH SEK
1 BILLION IN 2022
    * THERE IS A NEED TO STRENGTHEN CURRENT DAM CONSTRUCTION TO
MEET
BEST INTERNATIONAL INDUSTRY STANDARDS
    * INVESTIGATIONS IN AITIK SHOW NEED TO EVENTUALLY CHANGE TO
A NEW
DAM CONSTRUCTION METHOD TO ENSURE LONG-TERM DISPOSAL OF TAILINGS
    * PRODUCTION IN AITIK IS NOT EXPECTED TO BE AFFECTED DURING
THIS
TIME
    * TAILINGS CAN CONTINUE TO BE DEPOSITED IN OTHER PARTS OF
TAILINGS
POND
    * MEASURES DEPEND ON ENVIRONMENTAL PERMITS AND OTHER
APPROVALS,
BUT WORK CAN BE STARTED PRIOR TO PERMITTING PROCESS
    * 2022 INVESTMENTS IN GROUP ARE NOW EXPECTED TO INCREASE
FROM
PREVIOUSLY COMMUNICATED JUST OVER SEK 10 BILLION TO JUST OVER
SEK 11 BILLION

Source text for Eikon:  ID:nWkrDLPyP 
Further company coverage:  BOL.ST 

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