Major new reserves found in Swedish mines
AFP - [email protected]
Published: 6 Mar, 2007 CET.
Updated: Tue 6 Mar 2007 15:37 CET
Swedish mining firm Boliden AB said it has discovered two mineral resources composed of copper, zinc and possibly lead in the Kristineberg mine in Vasterbotten.
According to calculations, the ore reserves in the Boliden Area have increased to 4,980 Kilotonnes from 3,320 Kilotonnes as a result of the two new discoveries, Boliden said, adding that since neither of the two newly found mineralised zones is delimited, the firm intends to continue its exploration work.
"Our calculations indicate that the total lifespan for the Boliden Area mines increases from 2 to 4 years. With these mineral resources included, however, the lifespan under current production is considerably longer," Boliden chief executive Jan Johansson said.
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According to calculations, the ore reserves in the Boliden Area have increased to 4,980 Kilotonnes from 3,320 Kilotonnes as a result of the two new discoveries, Boliden said, adding that since neither of the two newly found mineralised zones is delimited, the firm intends to continue its exploration work.
"Our calculations indicate that the total lifespan for the Boliden Area mines increases from 2 to 4 years. With these mineral resources included, however, the lifespan under current production is considerably longer," Boliden chief executive Jan Johansson said.
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