Boliden AB
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Boliden AB - Company Capsule
Reference Code: MN0003CC
Published Date: April 2011
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Boliden AB - Company Capsule Page 1
Boliden AB
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Boliden AB - Company Overview
Boliden AB (Boliden) is the third largest copper supplier and the third largest zinc supplier in Europe. It operates as a
mining and smelting company. The company principally concentrates on exploration, mining and milling, smelting, refining
and recycling operations. Its product line comprised of copper, zinc, lead, nickel, gold and silver. Boliden operates mines
in four areas namely, Aitik, Boliden, and Garpenberg areas in Sweden, as well as Tara area in the Ireland. It also operates
smelters in Finland, Norway and Sweden. The company serves construction, electrical and electronic products, industrial
machinery, transport, and consumer products industries. Bolden is headquartered in Stockholm, Sweden.
Financial Performance
The company reported revenues of (Swedish Krona) SEK 27,635.00 million during the fiscal year ended December 2009,
a decrease of 10.82% from 2008. The operating profit of the company was SEK 3,623.00 million during the fiscal year
2009, an increase of 260.86% over 2008. The net profit of the company was SEK 2,500.00 million during the fiscal year
2009, an increase of 167.38% over 2008.
Boliden AB - Key Facts
Boliden AB, Key Facts
Klarabergsviadukten 90,
Ticker Symbol, Stock
Corporate Address: Stockholm, , 101 20, Sweden
BOL (Stockholms Fondboers)
Exchange
Telephone + 46 8 6101500 No. of Employees 4,400
Fax + 46 8 315545 Financial Year End December
URL www.boliden.se Revenue (in SEK Million) 27,635.00
Industry Metals and Mining Revenue (in USD Million) 3,612.42
Locations Finland, Ireland, Norway, Sweden
Source: Annual Report, Company Website, Primary and Secondary Research
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Boliden AB - Company Capsule Page 2
Boliden AB
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Boliden AB - Major Products and Services
Boliden is the second largest copper supplier and the third largest zinc supplier in Europe. It operates as a mining and
smelting company. The key products of the company include the following:
Boliden AB, Major Products and Services
Lead alloys
Waste rock
Gold
Iron sand
Concentrates
Copper
Copper telluride
Nickel sulphate
Silver
Selenium
Sulphur products
Tin alloys
Zinc
Zinc clinker
Source: Annual Report, Company Website, Primary and Secondary Research
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Boliden AB - Company Capsule Page 3
Boliden AB
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Boliden AB - Key Competitors
The following companies are the major competitors of Boliden AB:
Cerro Wire & Cable Co., Inc.
Owl Wire & Cable, Inc.
Hitachi Cable Ltd
Viohalco SA
Dowa Holdings Co., Ltd.
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Boliden AB - Company Capsule Page 4
Boliden AB
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Boliden AB - Key Employees
Boliden AB, Key Employees
Name Job Title Board Level Since Age
Anders Ullberg Chairman Executive Board 2005 63
Staffan Bohman Director Non Executive Board 2007 60
Leif Ronnback Director Non Executive Board 2005 64
Anders Sundstrom Director Non Executive Board 2001 57
Lars Sundstrom Director Non Executive Board 2001 45
Marie Holmberg Deputy Member of the Board Non Executive Board 2008 47
Mikael Andersson Deputy Member of the Board Non Executive Board 2008 46
Chief Executive Officer, Director,
Lennart Evrell Executive Board 2008 55
President
Marie Berglund Director Non Executive Board 2003 51
Ulla Litzen Director Non Executive Board 2005 53
Matti Sundberg Director Non Executive Board 2005 67
Bo Karlsson Director Non Executive Board 2005 54
Hans-Goran Olvebo Director Non Executive Board 2005 54
Einar Mikkelsen Deputy Member of the Board Non Executive Board 2008 45
Senior Vice President – Treasury and
Johan Fant Senior Management 2009 50
Finance, Chief Financial Officer
Senior Vice President – Strategy and
Eva Kaijser Senior Management 1998 37
Business Development
Marianne Lindholm Senior Vice President – Legal Affairs Senior Management 2002 59
Jan Mostrom President – Business Area Mines Senior Management 2000 50
President – Business Area Market,
Svante Nilsson Acting President – Business Area Senior Management 2003 53
Smelters
Senior Vice President – HR and
Henrik Ostberg Senior Management 2008 49
Sustainability Affairs
Roland Antonsson Non Executive Board 2009 53
Source: Annual Report, Company Website, Primary and Secondary Research
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Boliden AB - Company Capsule Page 5
Boliden AB
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Boliden AB - Locations and Subsidiaries
Head Office
Boliden AB
Klarabergsviadukten 90
Stockholm
Zip: 101 20
Sweden
Tel: + 46 8 6101500
Fax: + 46 8 315545
Other Locations & Subsidiaries
Boliden AB, Subsidiaries
Boliden Limited
Boliden Power Ltd
Toronto
Canada
Ontario (ON)
Canada
Boliden BV Boliden Harjavalta OY
Netherlands Finland
Boliden Kokkola OY Boliden Zinc Commercial BV
Finland Netherlands
Boliden Commercial UK Ltd Boliden Tara Mines Ltd
United Kingdom Ireland
Boliden Odda AS Boliden Bergsoe A/S
Norway Denmark
Boliden France Sarl Boliden Mineral AB
Fran