1. Boliden granted mining concession for Laver deposit in Sweden. 2. Laver deposit can significantly contribute to Europe's copper supply. 3. Further development requires exploration, technical studies, and permits. 4. Environmental permit required before investment decision is finalized. 5. Decision can be appealed to the government within three weeks.
While the concession allows for extraction, initial developments and permit requirements may delay impactful results. For example, similar concessions in the past faced hurdles due to environmental assessments affecting quick project execution.
The news is important for BDNNY as it reflects the potential movement in the copper market, affecting companies involved in copper extraction or production. The operational advancements by a major player may create shifts in supply dynamics and pricing.
The true value generated from the Laver deposit will take time, as it requires extensive exploration and environmental evaluations before the project can commence production.
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
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https://news.cision.com/boliden/r/application-for-mining-concession-for-laver-granted,c4228380
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SOURCE Boliden