Boliden: New Business Areas to Boost Boliden's Competitiveness

"The reorganisation will streamline and clarify importantfunctions within the organisation. This will enable us to strengthenour internal efficiency and improve our potential for exploitingcommercial opportunities, and thereby boost our competitiveness," saysJan Johansson, President & CEO of Boliden.

The following organisational changes, which will become effectiveon 1st January 2007, will be made in conjunction with thereorganisation:

-- Svante Nilsson, currently President of Business Area ZincSmelters, will become the new President of Business Area Smelters.

-- Ulf Soderstrom, currently Senior Vice President, GroupCommunications, will become the new President of Business Area Market.

-- Eva Kaijser, currently in charge of Boliden's long-termborrowing, will be appointed Senior Vice President, Information andInvestor Relations (IR). Eva Kaijser will take over her new positionon 1st June 2007, until which time, IR issues will be coordinated byStaffan Bennerdt, Senior Vice President, Group Finance. MarcelaSylvander, Communication Manager, will be responsible for the Group'sother information and press issues.

-- Sune Lundin, currently Boliden's CIO, will become the newPresident of Strategy. Sune Lundin will continue in his role as CIO.

-- Jukka Jarvinen, currently President of Business Area CopperSmelters, will be appointed Senior Advisor until his retirement in thesummer of 2007.

-- Eva Kaijser and Sune Lundin will become new members of Groupmanagement, and will report to the President & CEO, Jan Johansson.

Boliden is one of the leading mining and smelting companies inEurope with operations in Sweden, Finland, Norway and Ireland.Boliden's main products are copper, zinc, lead and Gold and silver.Exploration and recycling of metals are also important within thecompany. The number of employees is approximately 4 500 and theturnover amounts to approximately EUR 3.8 billion annually. Its sharesare listed on Stockholmsborsen's Large Cap list and on the TorontoStock Exchange in Canada.

www.boliden.com

This information was brought to you by Waymakerhttp://www.waymaker.net