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According to Boliden, it has generated substantial cash flows over the past year and the financial position is strong.
Boliden said the acquisition of Kevitsa is consistent with its growth strategy.
The fresh capital will be funnlled into the expansion of Boliden's Garpenberg zinc, silver and lead mine, which is located in Dalarna, Sweden, which will include a new concentrator, new shafts and underground facilities, as well as an upgrade of the mine's infrastructure, the lender said.
The mine is located around 80 km from Skelleftea in the Boliden Area.
Also, the ISIN code of the redemption shares will be SE0011088673 and the new ISIN code for ordinary shares in Boliden will be SE0011088665.
Boliden continues to work on the remaining details and the plan is to close the deal around 1 June 2016.
Boliden AB (Boliden) (BOL.SK), a Sweden-based mining and smelting company, has reported an increase in net profit during the second quarter of 2010.
A joint venture involving Boliden International Mining AB, Sweden and the Bureau des Mines et de la Geologie du Burkina (Bumigeb) is currently planning to develop a 500,000 t/y underground mine based on the 6 Mt Perkoa zinc deposit some 130 km west of Ouagadougou, capital of land-locked Burkina Faso.
Metal company Boliden AB (STO: BOL) announced on Wednesday the decision by its board of directors to propose that the AGM approve an extra dividend payment of SEK5.75 per share by means of an automatic share redemption procedure.
Boliden continues to work on the remaining details and the plan is to close the deal around 1 June 2016.On 10 March 2016, Boliden signed an agreement with First Quantum to buy the Kevitsa nickel- and copper mine in northern Finland.
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- Bolger, James
- Bolger, James (Brendan)
- Bolger, James (Brendan)
- Bolger, Ray
- Boliden Westmin Canada Limited
- Boligsparing for Ungdom
- Bolin Creek Watershed Restoration Team
- Bolin, Jane Matilda
- Bolinas Community Public Utility District
- Bolinas Lagoon Technical Advisory Committee
- Boling Center for Developmental Disabilities
- Bolinga Black Cultural Resources Center
- Bolingbroke, Henry
- Bolingbroke, Henry of
- Bolingbroke, Henry St. John
- Bolingbroke, Henry St. John, Viscount
- Bolingbrook Youth Baseball League
- Bolinger, Dwight
- Bolinteanu, Dimitrie
- Bolitho Principle
- Bolitho Test