Boliden and Vattenfall establish Nordic partnership.

Boliden and Vattenfall establish Nordic partnership.

Boliden has signed an agreement with Vattenfall aimed, firstly, at securing the
requisite electricity supply for the expansion of the Aitik mine, and secondly,
at establishing a partnership for parts of Boliden's Finnish operations.

“Not only does this agreement meet our need to secure our Aitik investment, it
is also part of
our energy policy which aims, wherever possible, to conclude long-term
agreements for our
production units, thereby securing the framework for our electricity costs,”
says Svante
Nilsson, acting President and CEO of Boliden. 

The expansion of the Aitik copper mine, from 18 to 36 million tonnes of mined
ore, will mean an increase in Boliden's electricity requirement. Under the terms
of the agreement, Vattenfall will supply Boliden with a total of 4 TWh, starting
in 2010. Vattenfall will also, as early as next year, commence electricity
supplies to the Harjavalta copper smelter in Finland, and will handle the
portfolio management of some parts of Boliden's Finnish operations. 

“I am very happy to be able to present a closer long-term cooperation with
Boliden on a Nordic basis and Vattenfall will thereby also have a distinct
relation to the base industry in Finland,” says Hans von Uthmann, Senior
Executive Vice President of Vattenfall AB and Head of Vattenfall Nordic.

Boliden is also, in accordance with its energy policy, actively working within
the company to increase energy efficiency by implementing energy management
systems. Boliden's goal is for all of its operations to have implemented energy
management systems by the end of 2008.  


For additional information, please contact:

Svante Nilsson, acting President and CEO, Boliden AB, tel. +46 8 610 1527, +46
70 583 3278
Marcela Sylvander, Communications Manager, Boliden AB, tel. +46 8 610 1559, +46
733 244 551
Hans von Uthmann, Senior Executive Vice President Vattenfall AB and Head of
Vattenfall Nordic via Press Secretary Anna Lihr, +46 708 933 352

Boliden is one of the leading mining and smelting companies in Europe with
operations in Sweden, Finland, Norway and Ireland. Boliden's main products are
copper, zinc, lead and gold and silver. Exploration and recycling of metals are
also important within the company. The number of employees is approximately 4
500 and the turnover amounts to approximately EUR 3.8 billion annually. Its
shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock
Exchange in Canada.

www.boliden.com