- Write by:
-
Friday, June 30, 2023 - 23:16:01
-
120 Visit
-
Print
Mining News Pro - Boliden has partially resumed production at its Ronnskar smelter after output was halted following a fire at the facility in mid-June, the Swedish miner said on Friday.
Due to the fire, it has been necessary to start redundancy consultations with 190 people, Boliden said in a statement.
The company added that it expected all production lines at Ronnskar except the electrolytic refinery, which was destroyed in the fire, to be ready for production in July.
Still, the redundancy consultations include positions outside the electrolytic refinery that burned, as other production lines may be closed or operate at limited capacity, Boliden said.
Copper production will take place in the form of anodes instead of cathodes until further notice, Boliden said, adding that this will affect its commercial business model.
In addition to a write down of 88 million Swedish crowns ($8.09 million) for the destruction of the refinery, Boliden has reserved 75 million crowns to cover the demolition, cleaning and restoration of the fire-damaged area, it said.
Lost production and cancelled outbound deliveries will affect the company’s operating profit (EBIT) for the second quarter with a loss of about 200 million crowns, part of an already communicated hit of 700 million, Boliden said on Friday.
Short Link:
https://www.miningnews.ir/En/News/623077
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Marex Group Plc and a group of the London-based firm’s shareholders raised about $292 million in a US initial public ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
Copper needs to reach $12,000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
No comments have been posted yet ...