Application for mining concession for Laver granted

Rhea-AI Summary

Boliden (OTC:BDNNY) has received approval from the Swedish Mining Authority for a mining concession at the Laver deposit. The concession grants rights to extract copper, gold, silver, and molybdenum.

While this marks a significant step forward, the company still requires additional approvals, including an environmental permit and Natura 2000 permit, before making a final investment decision. The mining concession decision can be appealed within three weeks.

According to Stefan Romedahl, Director of Boliden Mines, the company will proceed with further development including additional exploration, technical studies, and environmental investigations. The Laver deposit is particularly significant for its potential contribution to Europe's copper supply.

Positive

• Received mining concession approval for Laver deposit from Swedish Mining Authority
• Rights granted to extract multiple valuable minerals: copper, gold, silver, and molybdenum
• Strategic potential to contribute significantly to Europe's copper supply

Negative

• Additional permits still required (environmental and Natura 2000) before final investment decision
• Mining concession decision subject to potential appeals within three weeks

STOCKHOLM, Sept. 2, 2025 /PRNewswire/ -- Boliden's application for a mining concession for the Laver deposit has today been granted by the Swedish Mining Authority. The concession grants the right to extract copper, gold, silver, and molybdenum.

"We naturally welcome this news. The Laver deposit has the potential to make a substantial contribution, particularly to Europe's copper supply. Further development of the Laver deposit will now commence, including additional exploration, technical studies, and environmental investigations," says Stefan Romedahl, Director of Boliden Mines.

In addition to a mining concession, an environmental permit, including a Natura 2000 permit, is also required before a final investment decision can be made. The decision to grant the mining concession application can be appealed to the government within three weeks. 

Boliden publishes information regarding mineral resources and mineral reserves at: https://www.boliden.com/operations/exploration/mineral-reserves-and-mineral-resources/

For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/boliden/r/application-for-mining-concession-for-laver-granted,c4228380

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https://mb.cision.com/Main/997/4228380/3643862.pdf

Press release

 

View original content:https://www.prnewswire.com/news-releases/application-for-mining-concession-for-laver-granted-302543787.html

SOURCE Boliden

FAQ

What mining rights did Boliden (BDNNY) receive for the Laver deposit?

Boliden received a mining concession from the Swedish Mining Authority for the Laver deposit, granting rights to extract copper, gold, silver, and molybdenum.

What additional permits does Boliden need for the Laver mining project?

Boliden still needs to obtain an environmental permit and a Natura 2000 permit before making a final investment decision on the Laver project.

How will the Laver deposit impact Europe's copper supply?

According to Boliden's management, the Laver deposit has the potential to make a substantial contribution to Europe's copper supply, though specific production estimates weren't provided.

What are the next steps for Boliden's Laver mining project?

Boliden will proceed with further development including additional exploration, technical studies, and environmental investigations. The mining concession decision can be appealed within three weeks.

When can Boliden start mining operations at the Laver deposit?

Mining operations cannot begin until Boliden obtains both an environmental permit and Natura 2000 permit, and makes a final investment decision. No specific timeline was provided.