Alexander Farnsworth
- Boliden (OTCPK:BDNNY) said on Monday it will invest SEK 4.8 billion in a new tank house to boost capacity at its Ronnskar smelter.
- With the development, the new tank house will gradually increase Boliden’s production of copper cathodes and precious metals to full capacity at the Ronnskar facility by the second half of 2026.
- The investment will be partially funded by a potential insurance payout of up to SEK 3.4 billion, and the project is scheduled to begin this year.
- Furthermore, the company said it’s 2024 investments are expected to be SEK 15.5 billion, a SEK 1.5 billion increase from the previous communication, with approximately SEK 1 billion from Ronnskar and the remaining SEK 500 million from Odda.
