STOCKHOLM, Sweden, April 21, 2005 (PRIMEZONE) -- The Board of Directors and management of Boliden have decided that as of year 2005 the primary segments will be defined based on the company's main products, Copper and Zinc. The reason for changing the primary segments from Mines, Smelters Copper and Smelters Zinc is to obtain compliance between the strategic control and the financial reporting within the company. Further, the structural deal with Outokumpu created an integrated mining and smelting company based on copper and zinc. Most of Boliden's international competitors report in segments based on products and comparability of companies will increase.
As of January 1, 2005 the Boliden Group will apply International Financial Reporting Standards (IFRS). Comments and recalculated figures for 2004 in accordance with IFRS and the new primary segments can be found in Appendix 1.
Boliden is one of the leading mining and smelting companies in the world with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead, gold and silver. Exploration and Recycling of Base Metals are also important within the company. The number of employees is approximately 4,500 and the turnover amounts to approximately EUR 2 billion annually. The Boliden share is quoted on the Stockholm Stock Exchange in Sweden.
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-0- Boliden AB Jan Johansson, President and CEO telephone +46 8 610 1602, + 46 70 555 02 02 Staffan Bennerdt, CFO telephone: +46 8 610 1520, +46 70 513 61 14 Ulf Soderstrom, Senior VP Group Communications telephone +46 8 610 15 57, +46 70 618 95 95