NIB finances Boliden copper mine and smelter investments

The Nordic Investment Bank (NIB) and the Swedish mining and smelting company Boliden have signed a long-term loan agreement of €110 million for investments at the Aitik copper mine and the Rönnskär smelter in northern Sweden.

The eight-year loan will finance the installation of a new surface crusher and water management at Boliden's Aitik copper mine, near the town of Gällivare.

The loan will also finance the expansion of Boliden’s Rönnskär smelter near Skellefteå. The project includes the excavation of a new underground deep deposit, a water treatment plant, and new processes for the reduction of sulphur dioxide and dioxins.