increasing value from our mines - boliden · cmd 2016 20 2016-03-16 this presentation has been...
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Mikael Staffas, President Boliden Mines
Capital Markets Day 2016 | 16 March
Increasing value
from our mines
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Increasing value from our mines
Operational excellence Focusing on profitable growth
2016-03-16 CMD 2016 2
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2016-03-16 3 CMD 2016
Creating value through operational excellence
Production control Mine automation
Mineral process development Preventive maintenance
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Centralised production control increases productivity
2016-03-16 4 CMD 2016
0
10
20
30
40
50
60
Min
e A
cti
vit
ies
24 hours
Prod. Control
Typical 3 shift
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2016-03-16 5 CMD 2016
>20% higher productivity through planning
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2016-03-16 6 CMD 2016
Mobile control systems increase efficiency at
concentrator Integrated system for mine and concentrator
Continuous real-time operational and maintenance data
24/7 off site access through mobile control room
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Autonomous machines adds production hours
Ability to mine 24/7
‒ Loading and hauling ore after
and during blasting/ventilation
‒ Continuous long hole drilling
‒ Autonomous transportation
between loading and unloading
~50% more time available for
autonomous activities in the mine
Improved safety
0
10
20
30
40
50
60
Min
e A
cti
vit
ies
24 hours
Autonomous
Prod. Control
Typical 3 shift
2016-03-16 7 CMD 2016
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Autonomous loaders – example Garpenberg
Started in 2011
18% of mining currently performed with
autonomous loaders
Target to increase autonomous utilisation
to 80% by 2019
WLAN in vital parts of the mine
‒ Operated from surface 2015
To be rolled out in other underground
mines
2016-03-16 8 CMD 2016
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Mineral process development
2016-03-16 9 CMD 2016
Aitik
Autogenous grinding 1968
2010 Boliden
Fenton
Thio-salts
2013
Kankberg
Gold (45 => 85%)
Tellurium (& Ag)
2014 Garpenberg
Nitrogen
removal
2015
Tara
Antimony
removal
Hot leaching AuTe
Example of completed R&D projects
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2016-03-16 10 CMD 2016
Tara reduced antimony emissions by 50%
Reduced emissions and maintained production
capacity
Low capex & opex solution tailored for Tara
Chemical precipitation of antimony
Fast development and execution phase
‒ Took 16 months from idea to fully-up and running
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Preventive maintenance lowers downtime
2016-03-16 11 CMD 2016
0
20
40
60
80
100
2012 2013 2014 2015 2016
Availability, %
Mean time between failures, hours
Higher availability of Aitik’s shovels
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0
5
10
15
20
25
30
Aitik Boliden Area Garpenberg Kylylahti Tara
Reserve life, years
2005 2015
Increased mine lives Our largest mines have long life and competitive positions
2016-03-16 12 CMD 2016
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Focused efforts in exploration
2016-03-16 13 CMD 2016
Strong exploration results in 2015
‒ Increases in mineral reserves at Aitik, Garpenberg and Tara
‒ Two new mineral resources: Nautanen (Aitik) and Rävliden (Boliden Area)
Outokumpu field
‒ Disappointing first year, 2015 – 4 years reserve life in Kylylahti
‒ Increased efforts 2016
Tara
‒ Encouraging results 2015 – 6 years reserve life
‒ Increased efforts 2016
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Garpenberg expansion ramped-up on time & capex
2016-03-16 14 CMD 2016
0
100
200
300
400
500
600
700
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2014 2015
kton
Ore production Milled production
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Aitik expansion – what we have said and done
Phase 1: capex 600 MSEK, whereof 200 MSEK spent
Crusher reinforcement done
Water pumping done
Electric sub-station done
New surface crusher not done
2016-03-16 15 CMD 2016
Phase 2: capex not announced
New in-pit crusher including conveyor
Water treatment
De-sulphurization
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Revised plan for Aitik – focus on availability
New environmental permit Q1 2016
Reserve Cu grade 0.23 (0.22)
Extended reserve life
New crusher set-up
‒ Surface crusher – commissioning 2018
‒ In-pit crusher – decision after 2020
De-sulphurization – after 2020 (if needed)
2016-03-16 16 CMD 2016
Revised production plan
Copper grades
‒ 2016: 0.21
‒ 2017-19: Above reserve grade
45 Mton 2020
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New surface crusher to improve reliability
Construction 2016-2017, commissioning 2018
Built in double-crusher
Facilitate maintenance
Capacity 8,000 ton/h
2016-03-16 17 CMD 2016
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This plan delivers improved control
Higher availability from the mine
Higher visibility in production, grade and cost
Remaining capex of 1 BSEK (2016-2018)
‒ New surface crusher
‒ Water treatment
‒ Power supply
2016-03-16 18 CMD 2016
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Increasing value from
our mines
Q&A
Operational excellence
Focusing on profitable growth
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Disclaimer
2016-03-16 20 CMD 2016
This presentation has been prepared by Boliden for information purposes only and as per the indicated date. Boliden does not undertake any obligation to correct or update the information or any statements made therein. Certain statements in this presentation are forward-looking and are subject to risks and uncertainties.
Nothing contained herein shall constitute any representation or warranty as to accuracy or completeness. Boliden has not made any independent verification of the information obtained from third parties.
Nothing in this material shall be construed as an offer or solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction.
Boliden does not accept any liability whatsoever arising from or in connection with the use of this information.
Save as by prior approval in writing, this material may not be copied, transmitted or disclosed, whether in print, electronic or any other format. All rights to the material are reserved.
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Capital Markets Day
2016 | 16 March
CMD Continuing to deliver stable performance