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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Damaged underground tunnel in Garpenberg mine, closed until 2026 due to earthquakes, with cracks, debris, and warning barriers.
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Parts of Garpenberg mine closed through 2026 after quakes

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Following a series of seismic events at the Garpenberg mine in Hedemora, Boliden announced that large parts of the mine will remain closed throughout 2026. The company expects to lose 70 percent of planned production and incur a 400 million kronor loss in the first quarter.

Boliden plans a new hoisting shaft at its Garpenberg mine to boost production to 4.5 million tons annually, following a weekend collapse that injured workers and ongoing high seismic activity halting underground operations. The investment builds on earlier announcements amid disruptions.

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Production at Garpenberg mine in Hedemora has been halted after a rockfall and hundreds of subsequent mine tremors over the weekend. Several people were injured, and all employees were evacuated on Saturday. Around 500 workers are now operating above ground.

A new strong quake shook Boliden's mine in Garpenberg on Wednesday afternoon, hours before the company held an information meeting with locals. Residents demand more and faster information following the weekend collapse that injured four people.

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Five weeks after the collapse in Garpenbergsgruvan, Boliden has updated on the situation. Mining in upper Lappberget has sunk five meters and resumption is difficult. Impact expected until 2031.

The Wallenberg family is set to become the largest owner in the struggling steel company Stegra, Dagens industri reports citing multiple sources. Investors are providing 15 billion kronor to rescue the green steel project, with the Wallenberg sphere covering half. Lenders will release nearly 10 billion kronor in previously frozen loans.

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