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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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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