Boliden signs long-term electricity agreement with Norwegian firm Statkraft

Boliden signs long-term electricity agreement with Norwegian firm Statkraft

Boliden Odda AS and Norwegian power company Statkraft have entered into
agreements for the supply of electricity for the periods 2009-2020 and
2021-2030. The total quantity of electricity supplied under both contracts
amounts to 900 GWh/year.

“The agreements ensure Boliden's access to a dependable and long-term supply of
electricity, at predictable prices, for the Odda zinc smelter - which will
obviously help to boost the smelter's competitiveness,” says Svante Nilsson,
President of Business Area Smelters at Boliden. 

As a part of the agreements, Boliden's 39.88 per cent stockholding and the
associated electricity rights in the power company AS Tyssefaldene will transfer
to the Norwegian power company Statkraft. 

The agreements, which require the approval of the Norwegian authorities, among
other things, are expected to come into force on 1 January 2009.



For further information, please contact:

Svante Nilsson, President Business Area Smelters, Boliden AB, ph: +46 8 610 15
00
Börge Hauge, Managing Director, Boliden Odda, ph: +47 53 64 9447, +47 90 17 1143
Marcela Sylvander, Information Manager, Boliden AB ph: +46 8 610 1559, +46 733
244 551

Boliden is a leading European metals company whose core competence is in the
fields of exploration, mining, smelting and recycling. Boliden's main metals are
zinc and copper. Other important metals extracted and refined include lead, gold
and silver. The operations are conducted in three Business Areas: Market,
Smelters and Mines. The number of employees is approximately 4 500 and the
turnover amounts to approximately EUR 3.6 billion annually. Its shares are
listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock Exchange in
Canada.
www.boliden.com