Boliden invests 4 billion kronor in new hoisting shaft at Garpenberg mine

Following a recent production halt due to seismic activity and rockfall at the Garpenberg mine in Hedemora, Boliden is investing four billion kronor in a new hoisting shaft to secure the site's long-term future.

The Garpenberg mine, owned by Boliden in Hedemora municipality, experienced abnormal seismic activity including a rockfall and tremors, leading to a production stoppage earlier this week and evacuation of underground workers. Despite these challenges, the company has announced a major investment of four billion kronor in a new hoisting shaft. This move underscores Boliden's commitment to the mine's viability amid current disruptions, as reported by Dala-Demokraten.

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Illustration of layoffs at Hedemora logistics firm amid Garpenberg mine production halt.
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Layoffs at Hedemora logistics firm follow Garpenberg mine halt

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Nearly a month after a rockfall and tremors halted production at Boliden's Garpenberg mine, a Hedemora-based logistics firm specializing in ore transport from the site has announced layoffs. Långdahls logistik AB is affected by the ongoing suspension of mine operations.

Mining and smelting company Boliden reports strong first-quarter results, driven by higher metal prices and solid production. Abnormal seismic activity at the Garpenberg mine has caused a total production halt, set to impact volumes for the rest of the year.

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Boliden has announced a 700 million kronor write-down of assets at the Garpenberg mine, damaged by seismic activity and a collapse in March that led to parts of the mine closing through 2026. The write-down covers infrastructure and equipment affected by the events.

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