Metal Information Center

Boliden CEO expects 2007 to be good

January 5, 2007 – 10:17 am

Swedish mineral company Boliden, which had record profits in 2006, expects 2007 to be at least as good a year, Swedish newspaper Dagens Nyheter reports Monday.

The paper says that a large part of the production of copper, gold, and silver has been signed up for.

“The only thing that’s unsecured is zinc, which we have a strong belief in. Furthermore, there’s an uncertainty about how the dollar will fare. A dollar variation of 10% means SEK1 billion up or down for us,” Jan Johansson, chief executive of Boliden told the paper.

Johansson told the paper that he believes that the metal boom will continue for decades, and that the company plans to open a new copper mine in Norrbotten, in Sweden, within a couple of years, and a zinc mine in Skellefteaa where copper, gold and silver will also be extracted. The paper also reported Boliden plans to buy a mining project outside of Europe.