Miner Boliden to spend 5 bln SEK on adjusting Aitik dam construction

Boliden AB

11/04/2022 07:14

STOCKHOLM, April 11 (Reuters) - Swedish miner Boliden
 BOL.ST  said on Monday it would invest 5 billion crowns ($529.6
million) in adjusting the dam at its Aitik mine over the next
two years.
    "Ongoing geo-technical investigations in Aitik show the need
to eventually change to a new dam construction method to ensure
long-term disposal of tailings," it said on a statement. 
    "In addition, there is a need to strengthen the current dam
construction to meet the best international industry standards."
    Boliden now sees group investments this year totalling just
over 11 billion crowns, up from previously communicated just
over 10 billion.
($1 = 9.4405 Swedish crowns)

 (Reporting by Anna Ringstrom; Editing by Simon Johnson)
 ((anna.ringstrom@thomsonreuters.com; +46 8 502 423 74; Reuters
Messaging: anna.ringstrom.thomsonreuters.com@reuters.net))