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Boliden re-starts production at Kevitsa after fire

Boliden has re-started concentrate production at its Kevitsa mine in Finland, using mobile crushing units after a fire caused extensive damage to the site’s main crushing plant.
Boliden re-starts production at Kevitsa after fire Boliden re-starts production at Kevitsa after fire Boliden re-starts production at Kevitsa after fire Boliden re-starts production at Kevitsa after fire Boliden re-starts production at Kevitsa after fire

Boliden's Kevitsa openpit mine in northern Finland

The Stockholm-headquartered company said production was at "almost 90% of normal capacity", and that the total impact on operating profit was approximately SEK200 million (US$21.77 million), which the company would distribute across the second and third quarters.

Alexander Pearce, an analyst at Canadian bank BMO, praised the speed of Boliden's response to the fire, calling the swift ramp-up an "impressive achievement in a challenging environment given the global COVID-19 pandemic".

Fellow Canadian bank RBC Capital was similarly impressed, and noted the impact would well be lessened further by a potential insurance payout, "something that is not certain but that may become apparent in the coming months".