Boliden: Agreement reached to reopen Tara [Yahoo! Finance]
BOLIDEN AB UNSP/ADR (BDNNY)
NASDAQ:AMEX Investor Relations:
boliden.com/investor-relations
Company Research
Source: Yahoo! Finance
In July 2023 , the Tara mine was put in care and maintenance due to a combination of factors, including negative zinc price development, overall cost level and operational challenges. An agreement between worker's unions and local management, to significantly improve ways of work and productivity, has now been secured. The agreement includes among other things an optimized mining plan which reduces transportation distances and maximizes metal output, starting with an annual production rate of 1.8 Mtonnes, coupled with an organizational redesign, a reduction in employees and improved ways of working. Altogether, the normal cash cost of the Tara mine is expected to be reduced to approximately 100 USc/lb Zinc, compared to 137 USc/lb Zinc for the first half year of 2023. The reduction is attributed to an improved outlook on the price of energy as well as lower benchmark treatment charges (TC) coupled with improved productivity levels. As a result, one-off restructuring costs of appro
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News
- Boliden: Agreement reached to reopen TaraPR Newswire
- Boliden: Confirmation of insurance claim for Rönnskär [Yahoo! Finance]Yahoo! Finance
- Boliden: Confirmation of insurance claim for RönnskärPR Newswire
- Boliden to Reopen Europe's Largest Zinc Mine After Labor Deal [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Boliden to Reopen Europe's Largest Zinc Mine After Labor Deal [BNN Bloomberg (Canada)]BNN Bloomberg