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MEI Online: General Minerals Engineering: Latest News: January 5th 2004

 
 

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:: A New World-Leading Mining and Smelting Company - New Boliden - is Born  

Boliden and Outokumpu have completed the transaction whereby Boliden acquires Outokumpu's mining and smelting operations within zinc and copper and sells its fabrication and technology sales operations to Outokumpu. New Boliden becomes one of the world-leading mining and smelting companies within zinc and copper. New Boliden starts operations on January 1, 2004.

There is a clear logic in combining Boliden's and Outokumpu's mining and smelting operations within zinc and copper. In New Boliden, world-class assets are now combined, which with increased competitive strength from a strong Nordic base will be able to create long-term profitability and substantial growth potential. New Boliden will also get a strong industrial owner with long experience and extensive knowledge of the mining and smelting industry. All this will create added value for shareholders, customers and employees, says Jan Johansson, President and CEO of Boliden.

 

   

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