Boliden AB

Boliden AB
Company typePublicly traded Aktiebolag
Nasdaq StockholmBOL
ISINSE0000869646 Edit this on Wikidata
IndustryMetals and Mining
Founded1924; 100 years ago (1924)
HeadquartersStockholm, Sweden
Key people
Karl-Henrik Sundström
(Chairman)
Mikael Staffas
(President and CEO)
ProductsCopper, zinc, nickel, lead, precious metals, sulphuric acid, PGM, iron sand
RevenueDecrease 78.554 billion kr (2023)
Decrease 8.287 billion kr (2023)
Decrease 6.074 billion kr (2023)
Total assetsIncrease 101.957 billion kr (2023)
Total equityDecrease 56.420 billion kr (2023)
Number of employees
Decrease 5,664 (2023)
Websitewww.boliden.com

Boliden AB (stylized as New Boliden) is a Swedish multinational metals, mining, and smelting company headquartered in Stockholm. The company produces zinc, copper, lead, nickel, silver, and gold, with operations in Sweden, Finland, Norway, and Ireland.

Boliden is linked to a major environmental disaster in Spain[1][2] and is also accused of threatening human rights defenders following the disposal of toxic waste in Chile.[3][4]

In 2003, in a major deal, Boliden acquired Outokumpu's mining and smelting assets within zinc and copper.[5] The company name comes from the Boliden mine, some 30 km northwest of the Swedish town of Skellefteå, where gold was found in 1924. It was once Europe's largest and richest gold mine, but has since 1967 been defunct.[6]

In 2020, Boliden Mineral AB became the first company in Sweden to issue a Strategic Lawsuit Against Public Participation.[3][7] UN Human Rights experts from OHCHR (Office of the High Commissioner on Human Rights at the United Nations) wrote to the managing director of Boliden to convey concerns of alleged ongoing breaches of human rights, including ‘intimidation and threat [against] human rights defenders’.

In August 2021, Boliden joined up with several of the world's other major mining companies and Komatsu to advance zero-emission mining.[8]

In August 2021, Boliden ranked second among mining companies in Bloomberg Intelligence's low-carbon ranking.[9] In 2017, Boliden was rated the world's second most climate-friendly mining firm with regards to carbon dioxide.[10]

  1. ^ "The 1998 dam breach at the Los Frailes mine in Spain - Boliden". www.boliden.com.
  2. ^ McKenzie, Deborah (2 May 1998). "New Scientist". newscientist.com. Retrieved 22 May 2022.
  3. ^ a b "Joint communication" (PDF). boliden.com. Retrieved 13 September 2023.
  4. ^ "Report of the Special Rapporteur". ohchr.org. Retrieved 13 September 2023.
  5. ^ "Outokumpu to take 49 percent stake in Boliden". Metal Bulletin. Euromoney Global Ltd. 8 September 2003. Retrieved 24 August 2021.
  6. ^ "From past to present: 1924-2014" (PDF). Boliden AB. 12 May 2014. p. 3. Retrieved 24 August 2021.
  7. ^ Info Note ohchr.org
  8. ^ Rani, Archana (3 August 2021). "Rio Tinto and BHP join Komatsu's alliance for zero-emission mining". Mining Technology. Verdict Media Ltd. Retrieved 24 August 2021.
  9. ^ "Most Miners Are Falling Short of Carbon Cuts Needed for UN Goal". Bloomberg Green. Bloomberg L.P. 17 August 2021. Retrieved 24 August 2021.
  10. ^ "Digging deep: Which miners are facing up to the low-carbon challenge?" (PDF). CDP Worldwide. 19 July 2017. Archived from the original (PDF) on 24 August 2021. Retrieved 24 August 2021.