STOCKHOLM, June 26, 2003 (PRIMEZONE) -- Boliden has decided to modify the production plan at its Aitik copper mine near Gallivare, Sweden. The result will be that production at the mine can be made more effective with improved profit and strengthened cash flow.
The modified plan will allow a transition from three shifts to two in both waste stripping and drilling. There will also be changes in the organisation which will involve an overall reduction of 38.5 positions.
The organisational changes will be implemented on September 15, 2003 and the new production plan will be introduced in stages during the last quarter of the year.
For further information please contact: Jan Johansson, President and CEO, telephone +46 8 610 16 02, +46 70 555 02 02 Ulf Soderstrom, Vice President Public Relations, telephone +46 8 610 15 57, +46 70 618 95 95 Bo Johan Nilsson, Vice President Mining Operations Sweden, tel +46 910 77 42 78, +46 70 609 31 35
Boliden is an international mining and metal-producing company that mines, processes and markets copper, zinc, lead, gold and silver. Boliden owns seven mines and two smelting plants in Sweden and one mine in Canada. The range of activities also includes sales of technology. Copper and brass products are manufactured at plants in Europe. The number of employees is approximately 3 800 and the turnover amounts to approximately 10 billion SEK annually. The Boliden share is quoted on the Stockholm Stock Exchange in Sweden as well as on the Toronto Stock Exchange in Canada.
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