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Miner Boliden spends 5 billion SEK to coordinate Reuters construction of Aitik dam

© Reuters.

Stockholm (Reuters)-Swedish miner Boliden announced on Monday that it will invest 5 billion crowns ($ 529.6 million) in dam adjustments at the Aitik mine over the next two years.

“The ongoing geotechnical investigation at Aitik shows that we will eventually need to change to a new dam construction method to ensure long-term disposal of the Tailings,” he said in a statement.

“In addition, current dam construction needs to be strengthened to meet the highest international industry standards.”

Boliden now estimates that this year’s group investment will total slightly over 11 billion, up from just over 10 billion previously communicated.

($ 1 = 9.4405 Swedish krona)

Miner Boliden spends 5 billion SEK to coordinate Reuters construction of Aitik dam

Source link Miner Boliden spends 5 billion SEK to coordinate Reuters construction of Aitik dam

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