International news within the industry of mining and metal, May, 22 2019
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Kevitsa made a profitable result

Kevitsa mine in Finland. Boliden Groups earnings were strongly profitable. The MP800 crusher brought flexibility to the Kevitsa mine. Flexible processes have a positive impact on the overall economy of mines. Photo: Metso
Kevitsa mine in Finland. Boliden Groups earnings were strongly profitable. The MP800 crusher brought flexibility to the Kevitsa mine. Flexible processes have a positive impact on the overall economy of mines. Photo: Metso
Published by
Markku Björkman - 22 Feb 2019

The Boliden Group's earnings were strongly profitable, even though world ore prices fell. Last year's fourth quarter result was weaker than a year earlier.

In 2018, the Kevitsa mine in Sodankylä generated an operating profit of SEK 974 million, which is EUR 94.3 million. However, the entire Boliden Group's profitable result was weaker than in the previous year due to lower ore prices and lower ore production in the previous year.

Also in the Kevitsa mine in Sodankylä, there have been fewer metals in the rock than expected, says Håkan Gabrielsson, CFO of the mining company Boliden. However, according to Gabrielsson, this is a normal annual variation.

Gabrielsson says, last year, 7.6 million tons of metal-containing rock was excavated from Kevitsa. 3 million tons of new ores were found.

Boliden Kevitsa, a member of the Boliden Group, produced 27,498 tonnes of copper and 13,948 tonnes of nickel in 2018.

At the end of 2018, Boliden Kevitsa employed about 470 people.
 
 

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt