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Boliden Ulf Söderström, SVP Business Area Market

Boliden Ulf Söderström, SVP Business Area Market. Mines. Smelters. Market. Boliden in brief.

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Boliden Ulf Söderström, SVP Business Area Market

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  1. Boliden Ulf Söderström, SVP Business Area Market Mines Smelters Market Boliden AB

  2. Boliden in brief • Boliden is an international mining and smelting company which extracts, smelts and refines zinc and copper. By-products include lead, gold and silver. Boliden has operations in Sweden, Finland, Norway, Ireland and The Netherlands. • Boliden is one of the leading copper and zinc smelting companies in Europe – the third largest in copper and the second largest in zinc, and the world’s sixth largest mining company within zinc. • The company shares are listed on the Large Cap list of the Stockholm Stock Exchange in Sweden and on the Toronto Stock Exchange in Canada. Boliden AB

  3. Aitik (Sweden) • Copper mine Rönnskär (Sweden) • Copper smelter Boliden Harjavalta/Pori (Finland) • Copper smelter Boliden Area (Sweden) • Zinc mines Garpenberg (Sweden) • Zinc mines Kokkola (Finland) • Zinc smelter Tara (Ireland) • Zinc mine Odda (Norway) • Zinc smelter Bergsöe (Sweden) • Lead smelter Smelters Mines Boliden’s Production Entities Boliden AB

  4. China and Asia together will dominate the zinc market in the coming years. (’000 tons forecast 2007, Brook Hunt) Source: Brook Hunt Q2 2007 Report Boliden AB

  5. Where are the hot spots for Zn consumption and production? 13,7 +38% 19% 11,5 +5% +27% +21% +4% +9% -1% +1% Increase in zinc consumption 2007-2012 (000 tons) Increase in zinc refined production 2007-2012 (000 tons) 13,6 +37% 16% 11,7 +10% +17% +12% +10% +3% +2% +1% data: Brook Hunt, 2Q 2007 Boliden AB

  6. Concentrate surplus compared to smelter demand 5% 3% Mine output Many projects are restart and expansion projects. China expansion projects represents 1950 ktpa. The largest individual new mining projects are San Cristobal in Bolivia of 255 ktpa and Cerro Lindo in Peru of 140 ktpa 2007-2008 (within Base Case Production Capability). Source: Brook Hunt, Boliden Boliden AB

  7. LME Zinc stocks by region 2005-2007 Source: LME, Closing Stock End of Period Boliden AB

  8. China and Asia are forecasted to increase import of copper raw-material (’000 tons forecast 2007, Brook Hunt “Q 2007) Boliden AB

  9. Where are the hot spots for Cu consumption? 21,4 +43% 18% 18,2 +18% +31% +13% +13% +2% +2% +1% Increase in copper consumption 2007-2012 (000 tons) Increase in copper refined production 2007-2012 (000 tons) 22,9 22% +41% 18,8 +110% +25% +8% +11% +14% +18% +6% data: Brook Hunt Boliden AB

  10. Concentrated deficit for the whole planning period • There are a quite a number of medium-size potential brownfield and greenfield projects awaiting development. • Many of these are earmarked for production during the period 2007-2010. • Large inventory of potential projects demands continued investment discipline. Source: Brook Hunt Boliden AB

  11. China and Australia dominates the mine production of lead (’000 tons 2006, Brook Hunt) Boliden AB

  12. Chinese metal demand growth outpaces world metal demand Share of global copper consumption is expected to increase from 23% 2006 to 27% 2007 and for zinc from 28% 2006 to 33% 2011. Boliden AB

  13. Boliden AB

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