Boliden to shut Outokumpu exploration activities

Swedish mining and smelting group Boliden will close its exploration activities in the Outokumpu field and as a consequence of this take a 24.4 million euros ($25.26 million) impairment in the fourth quarter, it said on Tuesday ahead of an investor update.

The company, which mainly produces base metals such as copper, nickel and zinc but also precious metals, also said it now aims to reduce its absolute Scope 1 and 2 carbon dioxide (CO2) emissions – those the company can directly influence – by 40% from 2021 levels by 2030.