DOCSLIB.ORG

Boliden Annual Report 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Boliden Annual Report 2015 COMPETITIVE MINES AND SMELTERS ANNUAL REPORT 2015 Boliden in brief Boliden Annual Report 2015 CONTENTS Introduction Boliden in brief 1 Boliden 2015 2 President’s Statement 4 Value creation 6 Target fulfilment 8 Strategy 10 Market Market and metal prices 14 Market position 16 Competitiveness 17 Income model 18 Market trends 19 Operations Business model 24 Boliden’s mines and smelters 26 How to interpret Boliden’s figures 28 The Group’s performance during the year 29 Business Area Mines 32 Business Area Smelters 38 Employees 44 Environment 47 Boliden in society 50 Purchasing and suppliers 52 The Boliden share 54 Risk management 56 Corporate Corporate Governance Report 62 Boliden is a leading metals Governance The Board of Directors 68 Report The Group management 70 company with a commitment Internal Control Report 71 Auditor’s Report 71 to sustainable development. Financial The Group 73 Our roots are Nordic, but reports The Parent Company 77 Notes to the accounts 78 Proposed allocation of profits 103 our business is global. The Audit report 104 Auditor’s Limited Assurance Report company’s core competence on Boliden AB’s Sustainability Report 105 Mineral reserves and mineral resources 106 is within the fields of Ten-year overviews 111 Definitions 117 exploration, mining, smelting Industry concepts and explanations 118 Annual General Meeting 119 and metals recycling. Boliden operates five mining areas Boliden’s 2015 Annual Report issues are presented on pages 4−9 Boliden’s 2015 Annual Report is and 44−53 of the Annual Report. and five smelters in Sweden, published in Swedish and in an English translation. It describes Boliden’s The GRI Report, together with the financial performance and its work complete GRI index: Norway, Finland and on sustainability issues, which is an Boliden has reported its sustainability integral part of Boliden’s operations. work in accordance with the updated Ireland. Its share is listed on The sections of the Annual Report guidelines, G4, of the Global Reporting that have been audited in full by the Initiatives (GRI) since 2014. The GRI Group’s auditors are the Directors’ Report, together with the complete NASDAQ OMX Stockholm, Report on pages 29–46 and 56–59, GRI index, has been the subject of and the financial reports and notes to a limited assurance review by the segment Large Cap. the accounts on pages 72–103. The company’s auditors. The GRI Report auditors have also read and issued a is available on www.boliden.com both report on the Corporate Governance in a complete online version and as Report. Information on sustainability a pdf. Introduction Strategy Market Operations Corporate Governance Financial reports Boliden Annual Report 2015 Boliden in brief 1 ● MINING AREAS Aitik ● 40,242 ● SMELTERS 40,242 ● OFFICES The Boliden Area ●● Rönnskär ● 2015 revenues, SEK m ● Kokkola Kylylahti ● ● Harjavalta Garpenberg ● Odda ● Stockholm ● Bergsöe ● Glostrup ● ● Tara Leamington Spa ● Neuss ● BOLIDEN – PART OF A CIRCULAR ECONOMY Boliden’s operations comprise highly productive mines and smelters in the base and precious metals sector. Boliden operates 4,010 within important links in metals’ long value chain – from mineral exploration, mining and metal refining in smelters, to recycling and 2015 operating profit excl. sales. Find out more on pages 24–25. revaluation of process inventory, SEK m The use of metals in society Recycling 4,878 Number of employees Exploration Mining Smelters Sales (FTE) in 2015 2 Boliden 2015 Boliden Annual Report 2015 Boliden enjoys a strategic position in today’s challenging market, thanks to our consistent investments in both mines and smelters producing zinc, copper and precious metals. Our primary focus is on creating competitive mines and smelters with stable production, good cost control, and high-quality safety and environmental performance. We are also continuing to invest in organic growth through a further expansion of the Aitik mine and the Odda zinc smelter.” LENNART EVRELL SIGNIFICANT EVENTS DURING THE YEAR • Mined production at Garpen- the same time, struggled with nickel operations’ incoming organised by Boliden with a berg has increased according disruptions to production that deliveries of concentrate and view to strengthening relation- to plan after the expansion have limited production during its sales of mattes have devel- ships as part of the ongoing investment that increased the year. oped well. partnership. capacity to 2.5 Mtonnes. The Garpenberg mine now has the • The improvement pro- • Boliden has decided to invest • Two mine fires occurred highest productivity levels of gramme at the Tara zinc mine in a new and more efficient during the year, one at Garpen- the world’s zinc mines. has, to date, resulted in an sulphuric acid plant at Harja- berg and one at Kristineberg. intensification of development valta. The investment will run No personal injuries resulted • The Odda smelter has work and has started to yield between 2016 and 2019 and from the fires and produc- substantially improved its results. comprises two tranches: the tion could, in both cases, be cost position as a result of first tranche has now been restarted the same day. previous efficiency enhancing • Production and recovery of approved and totals EUR 65 programmes and the ongoing silver at the Kokkola smelter’s m and the entire investment is • Boliden is included in the expansion project to 200 new facility steadily improved. expected to total EUR 90 m. FTS4Good Global Index which ktonnes of zinc per annum. requires the company to com- • The Harjavalta smelter • Around 80 of Boliden’s ply, as part of an independent • Aitik has continued with changed its business model biggest and most important review, with stringent demands the expansion work aimed at for nickel during the year and suppliers attended a Suppli- on environmental perfor- increasing annual production production no longer occurs er Summit on the theme of mance, social responsibility, to 45 Mtonnes but has, at on a so-called tolling basis. The “Passion for improvements”, and corporate governance. Introduction Strategy Market Operations Corporate Governance Financial reports Boliden Annual Report 2015 Boliden 2015 3 COMMENTS KEY PERFORMANCE INDICATORS Key data 2015 2014 Revenues, SEK m 40,242 36,891 Operating profit before depreciation 7,112 6,035 Operating profit, excl. revaluation 9% 54% of process inventory, SEK m 4,010 2,605 The increase in revenues The increase in the ope ra- Operating profit, SEK m 3,590 2,759 was primarily due to ting profit, excl. revaluation Earnings per share, SEK 9.65 6.94 improvements in market of process inventory, was Free cash flow, SEK m 2,565 1,583 terms and the change due to improved market Investments, SEK m 3,650 4,222 in the business model terms and increased Capital employed, SEK m 35,131 35,087 for nickel mined production Return on capital employed, % 10 8 Return on shareholders’ equity, % 11 8 Number of employees, FTE 4,878 4,881 Net debt/equity ratio, % 23 35 Dividend per share, SEK 3.25 2.25 Accidents (LTI frequency) 8.9 7.9 2,6 Sick leave, % 4.6 4.3 2% Female employees, % 17.8 17.5 SEK b, 2015 The number of female Metals to water, tonnes Me-eq 18 21 The increase in the free employees continued to Metals to air, tonnes Me-eq 88 126 cash flow was due to increase, despite the total Carbon dioxide intensity, tonne/tonne 0.65 0.74 improved profits and number of employees Sulphur dioxide emissions, ktonnes 7.2 7.3 lower levels of remaining largely Number of environmental accidents 14 13 investment unchanged AWARDS • Boliden was declared • Boliden won the Best infor- Innovator of the Year in the mation graphics of the year employer branding category prize in Kanton’s and the Swed- at an awards ceremony at ish Shareholders’ Association’s Universum Awards. The prize “Best Listed Company of the goes to the company that Year” competition. The prize pushes through new innovative was for the graphics in Bolid- ideas in a new way in the field en’s 2014 Annual Report and of employer branding. the citation read: “For a series of well-executed illustrations • Boliden was declared the showing how ore is turned into Best large company in Sweden metals and where they are in the Large Cap Index catego- used in modern life. The illus- ry for financial communication trations are uniformly designed in the Nordic region’s biggest and interact in an exemplary IR study (IR Nordic Markets). way with the other content of the Annual Report.” 4 President’s Statement Boliden Annual Report 2015 President’s Statement 2015 was a challenging year for the world’s raw material companies. The slow-down in the global economy, after a period of substantial invest- ments in capacity, brought considerable price pressure. Against that back- ground, Boliden’s strategy of operating mines and smelters that produce both base and precious metals yielded real advantages. Boliden’s operating profit, excluding revaluation of this year was the ramping up of the investment at process inventory, improved by just over 50 %, lower Garpenberg. After years of hard work and investments metal prices notwithstanding. There are three main totalling SEK 4 billion, Garpenberg became Boliden’s reasons for this: firstly, Boliden’s strategical position most profitable unit in 2015 and is now the most with both mines and smelters stabilises earnings. productive underground zinc mine in the world. Secondly, we have made profitable investments, not Furthermore, the investments not only resulted in least the Garpenberg zinc-silver mine expansion increases in production, they also improved the mine’s which has now ramped up to full production; and environmental performance. thirdly, in common with the majority of other mining Boliden’s exploration work had one of its best years companies, we have benefited from the trend in to date: ore reserves increased at several units and two exchange rates and a strengthening of the US dollar.
Load more

Recommended publications
  • Annual Report 2011 Contents
    Annual Report 2011 Contents Reporting of earnings and revenue in the first part of the Annual Report (pages 1–78) complies with the segment reporting method. The statement of financial position and cash flow statement are Mission and vision presented in compliance with IFRSs in all parts of the Annual Report. Skanska’s mission is to develop, Group overview build and maintain the physical 2011 in brief 2 environment for living, traveling Comments by the President and CEO 4 and working. Skanska’s vision is to 6 be a leader in its home markets – Mission, goals and strategy 6 the customer’s first choice – Business model 8 in construction and project Skanska’s role in the community 10 development. Financial targets 14 Risk management 16 Employees 20 Share data 24 Business streams Construction 28 Nordic countries 32 Project: Gårda, Other European countries 36 Gothenburg, Sweden The Americas 40 Residential Development 44 Nordic countries 48 Other European countries 50 Commercial Property Development 52 A leader in sustainable development Nordic countries 56 Skanska must act in ways that Other European countries 60 are sustainable and responsible The United States 62 in the long term toward Infrastructure Development 64 shareholders, customers and Project portfolio 68 employees as well as society at large. Skanska’s aim is to Sustainable Development 72 ensure that all projects will 72 Green Strategic Indicators 74 be profitable and will also be Health and safety 78 implemented in accordance with the five zeros vision: no Financial information loss-making projects, work site accidents, environmental Report of the Directors 81 incidents, ethical breaches or Corporate governance report 88 defects.
    [Show full text]
  • Boliden Annual Report 2017 Worldreginfo - Bd894b10-00E7-4Cc2-B543-404324Ef8904 Introduction Market Operations Corporate Governance Financial Reports
    METALS FOR LONG-TERM VALUE CREATION 2017 ANNUAL REPORT WorldReginfo - bd894b10-00e7-4cc2-b543-404324ef8904 THE YEAR IN BRIEF The year in brief Contents Highlights Introduction The year in brief B Mines Smelters President’s statement 2 Investments in growth at Aitik and The expansion of Odda was completed Metals in society 4 ongoing success at Garpenberg. The and work continued on the sustainable About Boliden 6 Kevitsa mine has also been fully inte- repository solution at Rönnskär. Continued Strategy 8 grated. Find out more on page 28. focus on increased process stability. Find Target fulfilment 10 out more on page 34. Value creation 12 Market Market trends 14 Income model 16 Market position 18 Competitiveness 19 Price trends 20 Operations 18 % The Group’s performance 24 Boliden’s Mines and Smelters 27 increase in share Business Area Mines 28 price during Business Area Smelters 34 the year. Sustainable development 40 Responsible business 42 Human rights 44 Purchasing 45 Employees 46 Environment 49 Society 53 The Boliden share 54 Risk management 56 Corporate governance Boliden – long-term value creation Corporate Governance Report 60 Boliden produces metals that make modern society work. Operations are characterised The Board of Directors 66 by concern for people, the environment and society, and Boliden is one of the best com- The Group management 68 panies in the world when it comes to sustainable mining and metal production. Boliden Internal Control Report 69 also enjoys a leading position in metal recycling. The combination of in-depth experience and development of best available technology means that its mines and smelters are Financial reports well-positioned to handle global competition.
    [Show full text]
  • Stämmohandlingar
    Page 1 (11) Date 26 April, 2005 Annual General Meeting, April 26, 2005 Proposed agenda Opening of the Annual General Meeting 1. Election of chairperson of the meeting 2. Election of two persons to check the meeting minutes along with the chairperson 3. Preparation and approval of voting register 4. Adoption of agenda 5. Confirmation that the meeting has been duly and properly convened 6. Presentation of the Annual Report and Auditor’s Report, Consolidated Financial Statements and Group Auditor’s Report for 2004. Speech by President Anders Igel in connection herewith and a description of the Board of Directors work during 2004 7. Resolution to adopt the Income Statement, Balance Sheet, Consolidated Income Statement and Consolidated Balance Sheet for 2004 8. Resolution concerning appropriation of the Company’s profits as per the adopted Balance Sheet, and setting of record date for the stock dividend 9. Resolution concerning discharging of members of the Board of Directors and the President from personal liability for the administration of the Company in 2004 10. Resolution concerning number of board members and deputy board members to be elected by the Annual General Meeting 11. Resolution concerning remuneration to the Board of Directors 12. Election of Board of Directors. The election will be preceded by information from the chairperson concerning positions held in other companies by the candidates 13. Election of chairman and deputy chairman of the Board of Directors 14. The Board of Directors’ proposal to authorize the Board of Directors to decide on repurchase of shares through a public offer 15. The Board of Directors’ proposal to reduce the share premium fond 16.
    [Show full text]
  • Boliden AB (Publ) Guaranteed by Boliden Mineral AB (Publ)
    Base Prospectus 31 March 2021 Boliden AB (publ) Base Prospectus for Swedish medium term note programme guaranteed by Boliden Mineral AB (publ) Arranger Swedbank AB (publ) Dealers Swedbank AB (publ) Danske Bank A/S, Danmark, Sverige Filial DNB Bank ASA, filial Sverige Nordea Bank Abp Skandinaviska Enskilda Banken AB (publ) Aktiebolaget Svensk Exportkredit (publ) This Base Prospectus is valid for twelve months after the date of the approval of the Base Prospectus. The obligation to supplement this Base Prospectus in the event of significant new factors, material mistakes or material inaccuracies does not apply when the Base Prospectus is no longer valid. LEGAL#20340929v5 LEGAL#20340929v5 Important information Words and expressions defined in the general terms and conditions for medium term notes (the “Terms and Conditions”) beginning on page 17, and, as the case may be, in the final terms, the form of which beginning on page 36 (the “Final Terms”) have the same meanings when used in this Base Prospectus, unless expressly stated or the context requires otherwise. In this Base Prospectus, the “Issuer”, the “Company” or “Boliden” means Boliden AB (publ) or, depending on the context, the group in which Boliden AB (publ) presently is a parent company. The “Guarantor” or “Boliden Mineral” means Boliden Mineral AB (publ). The “Group” means the Issuer with all its subsidiaries (including Boliden Mineral) from time to time (each a “Group Company”). The “Arranger” means Swedbank AB (publ). The “CSD” or “Euroclear Sweden” means Euroclear Sweden AB. “SEK” refers to Swedish kronor, “EUR” means the single currency of the participating member states in accordance with the legislation of the European Community relating to Economic and Monetary Union, “USD” means U.S.
    [Show full text]
  • SWEDEN by Jozef Plachy 1
    THE MINERAL INDUSTRY OF SWEDEN By Jozef Plachy 1 Sweden is endowed with significant deposits of iron ore, Sweden's exports, one-third of which was steel. Because certain base metals (copper, lead, and zinc), and several Sweden lacked a zinc smelter, one of the largest mineral industrial minerals (dolomite, feldspar, granite, ilmenite, exports was zinc ore and concentrate, shipped mostly to kaolin, limestone, quartz, and wollastonite). Still, it is best Norway. The country imported duty-free most of the raw known for production of high-quality steel. Sweden relies material needed to operate its copper and lead smelter at heavily on hydrocarbon imports, due to inadequate optimal capacity. indigenous resources; as a result, the country has developed substantial nuclear and hydroelectric generating capacity. Structure of the Mineral Industry Government Policies and Programs The ownership of the two largest mineral companies in Sweden—Boliden AB and Luossavaara-Kiirunavaara AB Sweden liberalized its mineral policy to parallel European (LKAB)—has remained essentially unchanged. Union (EU) standards in response to the acceptance of the Boliden Mineral AB, a subsidiary of the privately owned EU membership by the Swedish electorate in 1994. The new Trelleborg Group, was predominantly a nonferrous mining policy eliminated laws requiring foreign companies to get and processing company. It also traded in concentrates, special permission for prospecting, annulled the state's metals, and other products and provided engineering participation in mining enterprises (so-called "crown expertise, built mineral processing plants, and sold mining shares"), and revoked all taxes and royalties, except for the equipment. Boliden Mineral AB consisted of Swedish Mines normal 27% corporate tax.
    [Show full text]
  • Annual Report 2016 the Year in Brief
    METALS & INNOVATION FOR THE FUTURE ANNUAL REPORT 2016 THE YEAR IN BRIEF The year in brief Contents Important events Introduction The year in brief b About Boliden 2 President’s Statement 4 Strategy 6 Target fulfilment 8 Value creation 10 Market Market trends 12 Market position 14 Competitiveness 15 Price trends 16 Boliden acquired the Finnish copper and Several of the mines are developing nickel mine, Kevitsa, during the year. worldleading automation technology that Income model 20 Kevitsa is a high quality mine with a improves both safety and productivity. Boliden’s operations good operational fit. September, for example, saw the world premiere of driverless trucks, 1,000 m Boliden’s mines and smelters 22 underground. The Group’s performance 25 Business Area Mines 28 Business Area Smelters 34 ) page ) page Sustainable development 40 Employees 41 Environment 44 Society 48 Boliden – metals for modern life Partners and purchasing 50 The Boliden share 52 Risk management 54 Boliden produces metals that make modern society Corporate Governance Corporate Governance Report 58 work. Our operations are characterised by concern The Board of Directors 64 for people, the environment and society, and we The Group management 66 Internal Control Report 67 are one of the best companies in the world when it Financial reports comes to sustainable mining and metal production. The Group 68 Boliden also enjoys a leading position in metal recy- The Parent Company 73 Notes to the accounts 74 cling. The combination of in-depth experience and Proposed allocation of profits 99 Audit report 100 development of best available technology means that Auditor’s Limited Assurance Report our mines and smelters are well-positioned to handle on Boliden AB’s Sustainability Report 104 Mineral Reserves and global competition.
    [Show full text]
  • End-Of-Life Treatment of Radio Base Station Transceivers in Europe, Japan and the USA – a Life Cycle Assessment Study
    End-of-Life treatment of Radio Base Station transceivers in Europe, Japan and the USA – a Life Cycle Assessment study Anna Grunewald Jessica Gustavsson Stockholm 991210 TRITA-KTH-IM 1999:22 Lith-IKP-ING-EX--99/19--SE Preface This study was initiated by Ericsson Radio Systems AB and carried out as a co-operation between Ericsson Radio Systems AB, Linköping Institute of Technology and the Royal Institute of Technology in Stockholm during the summer and autumn of 1999. First of all, we would like to thank our supervisors during the project, Susanne Lundberg at Ericsson Radio Systems AB, Jörgen Furuhjelm at Linköping Institute of Technology and Lennart Nilson at the Royal Institute of Technology for valuable help and guidance throughout the project. We would also like to express our gratitude to Jens Malmodin, Richard Trankell and Elaine Weidman at Ericsson Radio Systems AB and to Fjalar Kommonen at FFK Ltd for all their help. One of the most difficult tasks in this study was to develop probable logistic scenarios for the take-back of discarded transceivers. We would like to take this opportunity to thank amongst others Rickard Slettmyr and Mattias Sundstedt at Ericsson Radio Systems AB and Mikael Hietarinta at Nippon Ericsson for taking time to help us with this. Finally, we would like to thank our contact persons at the involved recycling companies, who have provided valuable information to the study; Kazuo Suzuki at Total Environmental Recycling Management, Mike Ogle and Darrel Stoecklin at United Recycling Industries Inc., Johan Zwart at MIREC B.V., Lennart Edvinsson at Ragn-Sells Elektronikåtervinning AB, Anders Axelsson and Sune Nordström at AB Arv Andersson, Sören Brännström and Theo Lehner at Boliden AB, Lars Cronquist at Gotthard Aluminium AB and Christer Forsgren at SAKAB.
    [Show full text]
  • The Mineral Industry of Sweden in 2015
    2015 Minerals Yearbook SWEDEN [ADVANCE RELEASE] U.S. Department of the Interior August 2019 U.S. Geological Survey The Mineral Industry of Sweden By Alberto Alexander Perez Sweden is located in northern Europe and shares the production of minerals and mineral products; of this amount, Scandinavian Peninsula with Norway (which borders it to 71% was employed in the production of steel and other refinery the west and north) and Finland (which borders it to the products, about 15.8% was employed in the mining sector, and north and east). Sweden also shares its southern border with the remainder (13.2%) worked in the industrial minerals, ballast, Denmark. Sweden is underlain by Precambrian rocks that are and dimension stone production sector (Geological Survey of part of an area known as the Baltic Shield (or Fennoscandian Sweden, 2017b). Shield). Archaean rocks occur only to a limited extent in In 2015, Sweden exported mostly machinery, motor vehicles, the northernmost part of the country. The rocks in the rest paper products, pulp and wood, iron and steel products, and of the north of Sweden and in the eastern and southern chemicals, and its main export trading partners were Norway parts of the country were formed, and were in many cases (which received about 10.3% of Sweden’s exports), Germany also metamorphosed, in connection with the Svecokarelian (10.3%), the United States (7.7%), the United Kingdom (7.2%), orogeny. In contrast, the bedrock in southwestern Sweden Denmark (6.8%), Finland (6.7%), the Netherlands (5.2%), was metamorphosed during the Sveconorwegian orogeny. Belgium (4.4%), and France (4.2%).
    [Show full text]
  • ANNUAL REPORT 2013 Contents Boliden on the Map
    ANNUAL REPORT 2013 Contents Boliden on the map Introduction 2013 in brief 1 Aitik Boliden in brief 4 President’s Statement 6 The Boliden share 8 The Boliden Area Rönnskär Strategy Market and pricing trends 12 Boliden’s market position 16 Kokkola Boliden’s cost position 17 Strategic orientation 18 Financial performance and Garpenberg Harjavalta sustainability development 20 Odda Stockholm Income model 22 Operations This is Boliden – from deposit to customer 26 This is exploration 28 Bergsöe How mines work 30 How smelters work 31 Tara How to interpret Boliden’s fi gures 32 Leamington Spa The Group 33 Neuss Mines 36 Smelters 42 Purchasing goods and services 48 Risk management 49 Sustainable Boliden’s employees 56 development Boliden’s environmental work 59 Evaluation of business partners 63 New sustainability goals 64 Limited Assurance Report 65 Mining areas Smelters Financial The Group 68 Tara – zinc and lead Kokkola – zinc and sulphuric acid Garpenberg – zinc, silver, lead, reports The Parent Company 72 Odda – zinc and aluminium fl uoride gold and copper Rönnskär – copper, gold, silver, Notes to the accounts 73 The Boliden Area – zinc, copper, lead, zinc clinker and sulphuric acid Proposed allocation of profi ts 98 gold, silver, tellurium and lead Harjavalta – copper, gold, silver, Audit report 99 Aitik – copper, gold and silver sulphuric acid and nickel smelting Bergsöe – lead alloys Corporate Governance Report 102 The Board of Directors 108 Offices Stockholm – Head Offi ce The Group management 110 and Business Area Smelters Mineral reserves and Boliden – Business Area Mines mineral resources 111 Neuss – Sales Offi ce Ten-year overviews 115 Leamington Spa – Sales Offi ce GRI-index 121 Defi nitions 123 Industry concepts and explanations 124 2014 Annual General Meeting and addresses 125 Boliden’s Annual Report is published in both Swedish and English.
    [Show full text]
  • Annual Report 2005 (PDF)
    Annual Report 2005 Contents The Year in Brief 1 Comments from the CEO 2 This is TeliaSonera 4 Strategy for Profitable Growth 5 The Market for Telecom Services 6 Growth Initiatives 7 Cost Efficiency 10 Personnel and Competence 12 TeliaSonera in Society 13 The TeliaSonera Share 14 Corporate Governance Report 16 Report of the Directors 23 Risk Factors 33 Consolidated Financial Statements 36 Parent Company Financial Statements 80 Proposed Appropriation of Earnings 92 Auditors’ Report 93 Ten-Year Summary 94 Forward-Looking Statements 97 Annual General Meeting 2006 98 TeliaSonera’s Annual Report is available at www.teliasonera.com/investorrelations under the Report section. Hardcopies of the Annual Report can be printed from the web or be ordered from the web or by phone at +46 (0) 372 851 42. We also publish an Annual Review, which is a summary of the year. The Annual Review is available at www.teliasonera.com/investorrelations under the Report section. A printed version can be ordered from the web or by phone at +46 (0) 372 851 42. TeliaSonera AB is a public limited liability company incorporated under the laws of Sweden. TeliaSonera was created as a result of the merger of Telia AB and Sonera Corporation in December 2002. In this annual report, references to “Group,” “Company,” “we,” “our,” “TeliaSonera” and “us” refer to TeliaSonera AB or TeliaSonera AB together with its subsidiaries, depending upon the context. The Year in Brief The Year in Brief Net sales increased 7.0 percent to SEK 87,661 million (81,937) driven by strong mobile and broadband growth.
    [Show full text]
  • 1 (8) Invitation to the Annual General Meeting of Boliden AB (Publ)
    Invitation to the Annual General Meeting of Boliden AB (publ) The shareholders of Boliden AB (publ) (company registration number 556051-4142) are summoned to the Annual General Meeting to be held on Tuesday, April 27, 2021. Due to the coronavirus, the board of directors has decided that the annual shareholders' meeting will be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders before the meeting will only be able to exercise their voting rights in advance (postal voting). Information on the resolutions passed at the meeting will be disclosed on April 27, 2021, as soon as the outcome of the postal voting has been finally confirmed. In addition, presentations by the Chairman of the Board of Directors, the President, the Chairman of the Audit Committee and the auditor in charge will be posted on the Company’s website, www.boliden.com, on April 27, 2021. Participation Shareholders who wish to participate in the Annual General Meeting through postal voting must be recorded as a shareholder in the share register prepared by Euroclear Sweden relating to the circumstances on Monday, April 19, 2021 (see below regarding re- registration of nominee registered shares), and must give notice of participation to the company by casting their postal votes in accordance with the instructions under the heading Postal Voting below so that the postal voting form is received by the company no later than Monday, April 26, 2021. When giving notice of participation, shareholders shall state their name, identification or registration number, address and telephone number. The information provided will be processed and used only for the purpose of the Annual General Meeting.
    [Show full text]
  • Boliden AB (Publ)
    Boliden AB (publ) Prospectus for the admission to trading on NASDAQ OMX Stockholm of up to SEK 1,000,000,000 senior unsecured floating rate notes 2014/2020 guaranteed by Boliden Mineral AB ISIN: SE0005878287 Joint Lead Managers LEGAL#10750927v14 Important information Words and expressions defined in the terms and conditions beginning on page 25 (the “Terms and Conditions”) have the same meanings when used in this prospectus (the “Prospectus”), unless expressly stated or the context requires otherwise. In this Prospectus, the “Issuer” or “Boliden” means Boliden AB (publ) or, depending on the context, the group in which Boliden AB (publ) presently is a parent company. The “Guarantor” or “Boliden Mineral” means Boliden Mineral AB (publ). The “Group” means the Issuer with all its Subsidiaries (including Boliden Mineral) from time to time (each a “Group Company”). The “Joint Lead Managers” means Nordea Bank AB (publ) and Swedbank AB (publ). The “CSD” or “Euroclear” means Euroclear Sweden AB. “SEK” refers to Swedish kronor and “EUR” means the single currency of the participating member states in accordance with the legislation of the European Community relating to Economic and Monetary Union. Notice to investors On 9 April 2014 (the “First Issue Date”) the Issuer issued a note loan in the amount of SEK 500,000,000. The nominal amount of each initial note is SEK 1,000,000 (the “Nominal Amount”) (the “Initial Notes”). The payment obligations under the Notes are guaranteed by Boliden Mineral. The Issuer may at one or several occasions issue subsequent notes (the “Subsequent Notes” and together with the Initial Notes, the “Notes”).
    [Show full text]