mine in Kevitsa in northern Finland is an open pit mine where nickel, copper, gold and platinum are extracted. Boliden pay $ 712 million for it, or roughly 6 billion. The money for the purchase lent by Nordea.
President Evrell are very pleased and proud of its mining finds.
– It suits us very well, it fits perfectly into our business. All wishes on the wish fulfilled, he says to SvD Business.
Boliden smelters in Finland, and technically it fits perfectly into Boliden’s operations, he thinks.
Sure it is a lot of money. But it is worth its price, he explains.
– Good mining costs a lot of money. This mine is newly started. We expect it to be used after 2030, he said.
Boliden lend to its acquisition.
– We have a strong balance sheet. We take from a position of strength. Now, when our investment in Garpenberg is completed, which was the world’s best mining investment, so we have good resources, he said.
But the new mine in Kevitsa loss-present he says. Once the purchase is worthwhile for Boliden can not Evrell say.
– It’s a tough task we have, how it goes depends on commodity prices. But we are in a cyclical industry, says Lennart.
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