ABB has announced a partnership with Swedish mining company Boliden to advance sustainability in power distribution systems by utilizing Low-Carbon Zinc. This zinc has a carbon footprint 75% lower than the industry average, playing a crucial role in supporting a circular economy and promoting a fossil-free society. Boliden, supported by ABB’s electrification solutions, uses renewable...
READ MOREBoliden is currently in advanced negotiations to acquire Lundin Mining’s Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, according to information obtained by Bloomberg News. The acquisition would allow Boliden to strengthen its position as one of the largest zinc producers in Europe. These two mines represent some of Lundin Mining’s oldest assets, which...
READ MORESwedish mining group Boliden reported a stronger-than-expected rise in core earnings for the third quarter, citing solid production and improving metal prices. Boliden’s third-quarter operating profit, excluding the revaluation of process inventory, reached 3.0 billion Swedish crowns ($274.3 million), up from 1.9 billion crowns during the same period last year. The result came in above...
READ MORE
