Mining company Boliden is in discussions to buy Zinkgruvan in Askersund municipality from the Lundin family's mining giant Lundin Mining, according to Dagens industri.
Earlier this week, Lundin Mining's CEO Jack Lundin confirmed in an interview with Bloomberg News that a sales process is underway for the company's European assets, the Neves Corvo zinc and copper mine in Portugal and the Zinkgruvan mine in Askersund municipality. Jack Lundin hopes that a sale of the European assets will be completed within 6 to 12 months.
According to information from people with insight into major deals in the mining sector, Boliden is one of the players involved in the discussions about Zinkgruvan. Boliden is one of the world's largest zinc producers and has a clear Nordic focus, with the Tara mine in Ireland its only holding outside the Nordic region.
However, Boliden's CEO Mikael Staffas is tight-lipped about any interest in Zinkgruvan.
Boliden AB is Europe's No. 3 zinc and copper producer. The group is also active in metal casting, refining, and recycling. Boliden AB also produces gold, silver and lead. Net sales break down by activity as follows:
- metal production and processing (96%);
- metal extraction (4%): primarily zinc and copper.
At the end of 2024, the group had 5 mines located in Sweden (3), Finland, and Ireland.
Net sales are distributed geographically as follows: Sweden (4%), Finland (10.2%), Nordic countries (0.6%), Germany (19%), the United Kingdom (16.5%), Europe (44.7%), North America (0.1%) and other (4.9%).
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