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0YAL Boliden Ab

380.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Boliden Ab LSE:0YAL London Ordinary Share SE0015811559 BOLIDEN ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 380.50 17,618 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Boliden Invests in Electric Trolley in Aitik and Kevitsa

24/10/2019 7:17am

PR Newswire (US)


Boliden Ab (LSE:0YAL)
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BOLIDEN, Sweden, Oct. 24, 2019 /PRNewswire/ -- Boliden has decided to invest SEK 300 m with the aim of expanding electrified transportation in Aitik and implementing the corresponding technology in Kevitsa. Investments will be made mainly during 2020-2021.

Since 2018, a pilot project on electrified transportation has been conducted at Aitik. 700 meters of electric trolley line were installed and four mining trucks were converted with increased productivity and reduced diesel consumption as a result. Aitik is currently the only mine in an arctic climate where electric trolley has been installed.

"We are now taking further steps to improve both productivity and climate impact at our two open-pit mines", says Mikael Staffas, President and CEO of the Boliden Group.

In Aitik a further three kilometres of electric trolley line will now be built and another ten trucks will be converted for electric trolley lines. Overall, the plant means that greenhouse gas emissions from transportation over the life of mine are reduced by nearly 15 percent.

In Kevitsa, 13 mining trucks are converted for electric trolley lines at the same time as the 1.8 kilometre long electric trolley line is being built. The investment means that greenhouse gas emissions over the life of mine are reduced by 9 percent.

The electric trolley installations are being deployed in stages until 2022. Boliden is calculated to reduce diesel consumption by 5 500 cubic meters per year when the investment is completed. In addition, productivity gains are added as the electrically powered trucks can run at a higher speed. The working environment for the drivers is also improved, not least through lower noise levels.


For further information, please contact:
Klas Nilsson, Communications Director, phone: +46 70 453 65 88

 
Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, but our business is global. The company's core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a total of approximately 5,800 employees and a turnover of SEK 50 billion. Its shares is listed on NASDAQ OMX Stockholm, segment Large Cap.
www.boliden.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/boliden-invests-in-electric-trolley-in-aitik-and-kevitsa,c2940061

The following files are available for download:

https://mb.cision.com/Main/997/2940061/1128763.pdf

Press release (PDF)

https://news.cision.com/boliden/i/electric-trolley---boliden-aitik,c2705741

Electric trolley - Boliden Aitik

Cision View original content:http://www.prnewswire.com/news-releases/boliden-invests-in-electric-trolley-in-aitik-and-kevitsa-300944603.html

SOURCE Boliden

Copyright 2019 PR Newswire

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