NIB finances Boliden's e-scrap recycling plant in Sweden

The Nordic Investment Bank (NIB) has provided a loan totalling EUR 60 million to
Sweden's metal producer Boliden. The 8-year maturity loan will help to finance
Boliden's increased electronic scrap recycling capacity in Rönnskär, Sweden.
 
Once the expansion is completed, the facility will nearly triple its capacity
and process 120,000 tonnes of electronic scrap per year.
 
Extracting metals from e-scrap requires considerably less energy than extracting
metals from ore. The main minerals in e-scrap are copper, zinc and precious
minerals.  In addition to the important task of treating e-scrap in a safe
manner, the project makes it possible for one of Europe's leading metal
producers to use the minerals hidden in the waste over and over again.
 
"By financing this project, NIB helps to ensure that more electronic scrap is
recycled, rather than sent to landfills. With this expansion, Boliden can handle
more of the ever growing mountain of electronic scrap," says Johnny Åkerholm,
NIB President and CEO.
 
Boliden is the third largest copper metals supplier and the third largest zinc
metals supplier in Europe. Boliden's Rönnskär smelter has been a technological
leader in electronic scrap recycling for many years, and is now one of the
world's biggest players in the field.
 
The Nordic Investment Bank is the common international financial institution of
the eight Nordic and Baltic countries. NIB provides long-term financing to the
energy, environmental, transport, logistics and communications, and innovation
sectors for projects that strengthen competitiveness and enhance the
environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
 
For further information, please contact
Mr Lars Synnes, Senior Manager, Origination, at +358
10 618 0504,lars.synnes@nib.int
Ms Pamela Schönberg, Communications Officer, at
+358 10 618 0294,pamela.schonberg@nib.int
 
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE