Brief: Boliden To End Exploration In Outokumpu Field

Boliden AB

15/11/2022 07:10

Nov 15 (Reuters) - Boliden AB  BOL.ST :
    * BOLIDEN'S CAPITAL MARKETS DAY 2022: NEW TARGETS FOR
REDUCING
CLIMATE IMPACT
    * NCONNECTION WITH CAPITAL MARKETS DAY, MORE INFORMATION
REGARDING
ONGOING INVESTMENTS WILL BE PRESENTED, WHERE GUIDANCE THAT WAS
RECENTLY GIVEN FOR 2023 IS MAINTAINED.
    * INVESTMENT PROJECTS IN AITIK AND ODDA FOLLOW SCHEDULE AND
PREVIOUSLY COMMUNICATED COST
    * IN AITIK, STRIPPING WILL INCREASE IN COMING YEARS, WHILE
IN
KEVITSA IT IS ESTIMATED TO DECREASE FROM 2026 ACCORDING TO
CURRENT MINING PLAN.
    * AMONG OTHER THINGS, EXISTING MAIN PERMIT MUST BE REPLACED
BY
2026.
    * BOLIDEN HAS DECIDED TO CLOSE EXPLORATION ACTIVITIES IN
OUTOKUMPU
FIELD, WHICH WILL LEAD TO IMPAIRMENT OF EXPLORATION RIGHTS
AFFECTING EBIT BY -24.4 MEUR IN Q4 2022.
    * NEW TARGET IS FOR ACTUAL CO2 EMISSIONS TO BE 40 PERCENT
LOWER BY
2030, COMPARED TO 2021 (SCOPE 1 AND 2)
    * CLIMATE PERFORMANCE GOALS AT SUPPLIER LEVEL: EMISSIONS
MUST BE
30% LOWER AT SUPPLIER LEVEL BY 2030 COMPARED TO 2021 (SCOPE 3)

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