Boliden’s 2016 Capital Markets Day: Continuing to deliver stable performance

Boliden’s management will meet with capital markets representatives over the
course of two days to concretise the company’s strategy and the ways in which
the respective business areas are working to enhance competitiveness.
“Boliden operates in a volatile market, so we must work continuously to improve
productivity and cut costs. I am proud that Boliden has successfully
strengthened its position in recent years through a business model comprising
both mines and smelters that produce base and precious metals, and through value
-generating investments and a focus on stable operations. As we announced on 10
March, Boliden has entered into an agreement to acquire the Kevitsa nickel
-copper mine in Finland, thereby further strengthening Boliden both
operationally and geographically,” says Lennart Evrell, President and CEO.

The Capital Markets Day will see Boliden present an updated investment plan for
the Group, with planned investments of just under SEK 4 billion in 2016 and of
SEK 4.5 billion in 2017.

Mikael Staffas, President Boliden Mines, will talk about the focus on increased
automation. A number of mines have introduced underground positioning systems,
creating the potential for remote vehicle control, improved logistics, and
increased personnel safety. Boliden is also one of the first mining companies in
the world to implement 5G systems for wireless data transfer and is a market
leader when it comes to control systems that use mobile phone technology.

An updated plan for the Aitik copper mine will also be presented at the Capital
Markets Day.

“Aitik’s mineral reserves have developed well, but there have been too many
disruptions to production in the past year and we will, therefore, be focusing
on production stability, rather than on volume. The copper reserve grade has
been raised to 0.23% (0.22) in the revised production plan, and the mine’s
lifespan extended. The copper grade for the period from 2017 to 2019 is expected
to exceed the average for the reserve and Aitik is scheduled to achieve an
annual milled tonnage rate of 45 Mtonnes by 2020. The investment in a new
surface crusher station comprises two crushers, instead of the one previously
planned, and the design will also permit efficient maintenance,” summarises
Mikael Staffas, President Boliden Mines.

The investment in Aitik will total SEK 1 billion by 2018 and includes a new
double surface crusher, a new water treatment plant, and the installation of a
new power feed. A decision on additional investments in a new crusher for the
open pit mine has been postponed until after 2020.

“It’s vital that Boliden’s smelters continue to increase recoveries and enhance
their ability to handle complex raw materials in order to improve our
flexibility and profitability, and to strengthen our market position. Silver
extraction at Kokkola, process improvements at Rönnskär, and the new nickel
strategy at Harjavalta are all examples of this strategy in action,” says
Kerstin Konradsson, President Boliden Smelters.

The Capital Markets Day will also provide an opportunity to visit the Odda zinc
smelter in Norway to study the ongoing expansion project that is expected to
increase capacity from 170,000 tonnes to 200,000 tonnes of zinc per annum, and
which is currently slightly ahead of schedule.

Presentations
The Capital Markets Day presentations will be available at www.boliden.com from
09:15 (CET).

The Capital Markets Day can be followed live at the same web address from 11.30
(CET).



For further information, please contact:

Sophie Arnius, Director Investor Relations and Acting Press Officer,
tel: +46 8 610 15 23, +46 70 590 8072

The information provided comprises information that Boliden is obliged to
present pursuant to the Swedish Securities Market Act and/or the Swedish
Financial Instruments Trading Act. The information was released for publication
on 16 March 2016, at 08.45 (CET).

Boliden is a metals company with a commitment to sustainable development. Our
roots are Nordic, but our business is global. The company’s core competence is
within the fields of exploration, mining, smelting and metals recycling. Boliden
has a total of approximately 4,900 employees and a turnover of SEK 40 billion.
Its share is listed on NASDAQ OMX Stockholm, segment Large Cap.

www.boliden.com