Sustainable development within Boliden

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Sustainable

development within Boliden

Marcela Sylvander

Director Group Communications

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5,000- 15,000 $

5,000 $ 15,000 $

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Mining and metals in focus

Challenges

 Safety issues

 Environmental impact

 Access to land

 Impact on society

 Globalisation

 Increased media pressure

 Stricter legislative demands

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It all started in 1924...

 …when gold was discovered at Fågelmyran in Västerbotten.

 The first ore saw the light of day in 1926, and the Rönnskär smelter began its operations in 1930.

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Boliden today

 Nordic metals company with a focus on sustainable development.

 Core competence in exploration, mining, smelting and metals recycling.

 Mines, produces and sells copper, zinc, lead, silver and gold.

 Four mining areas and five smelters.

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Key figures 2012

Revenues (SEK m) 40,001

Operating profit* (SEK m) 3,941

Return on capital employed (%) 13

Earnings per share (SEK) 11.96

Dividend (SEK) 4

Market capitalisation per 31 Dec. 2012 (SEK b) 33.4

Number of employees 4,800

Accident frequency (LTI) 6.6

Sick-leave (%) 3.6

*

Excluding revaluation of process inventory

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Boliden's core values

 Passion for improvements

 Value chain responsibility

 Personal commitment

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Strategy

 Increased operational efficiency

 Organic growth

 Acquisitions of producing mines and mine projects

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Operational efficiency – the New Boliden Way

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Sustainability throughout Boliden’s value chain

Finding it Mining it Refining it Smelting it Selling it

Social responsibility Environmental responsibility Economic responsibility

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Priorities in the sustainability work

 Social responsibility

‒ Creating a safe work environment

‒ Diversity and a better gender balance

‒ Securing the future talent pool

 Environmental responsibility

‒ Minimising emissions to air and discharges to water

‒ Limiting impact on the physical environment

‒ Handling waste responsibly

 Economic responsibility

‒ A positive economic effect on the local community

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Sustainable Development Results 2012, goals 2013

2012 Goals

Accidents (LTI) 6,6 0

Sick leave 3,6 % 4 %

Number of women (goal 2018)

16,9 % 20 %

Emissions to air - 43 % - 25 %

Discharges to water - 53 % - 25 % Carbon dioxides emissions +4 % +3 % Sulfur dioxides emissions - 5 % - 10 %

Global Compact

Anti-corruption policy

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Boliden Group LTI Frequency

9,1 9,6 15,7

13,0

11,1

11,9

11,2

9,9

9,1

5,5

8,2

4,9

6,6 6,9

0 2 4 6 8 10 12 14 16 18

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Lost Time Injury Frequency per million hours worked

LTIF, total LTIF, ex contr

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2012

Copper Production, KMT

Boliden Smelters 339

Boliden Mines 79

External Mines 195

Urban Mines 65

Gold Production, MT

Boliden Smelters 16

Boliden Mines 4

External Mines 4

Urban Mines 8

Silver Production, MT

Boliden Smelters 576

Boliden Mines 230

External Mines

Urban Mines 128

Boliden metals has a diversified supply base

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E-materials processed at Boliden Smelters 1981-2014

0 20 000 40 000 60 000 80 000 100 000 120 000 140 000

1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Capacity after expansion Tons

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Land use - a hot topic…

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…as well as supply chain management

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Relations on a long term basis

 Open and trustful dialogue

 Talk with each other not about each other

 Non-formal consultations

 Arrange site visits

 Annual meetings with neighbors

 Continuous meetings with the community representatives

 Participate in the process of land use planning

Successful operations depend on

local support and understanding

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Influencing the supply chain

 In 2010, Boliden launched the Evaluation of Business Partners project

 The evaluations are based on the UN's Global Compact, ILO's core

conventions and ISO standards for the environment and work environment.

 Self-assessments and audits include among other things:

‒ Human Rights

‒ Working conditions

‒ Environmental work

‒ Anti-corruption

‒ Business ethics.

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Audits

An opportunity to:

 Share knowledge and best practice

 Show progress

 Find solutions

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Only the best will survive

 High standards

 Stable processes

 Continuous improvements

 Low cost

 R&D, Exploration

 Zero tolerance, never to compromise

‒ Safety

‒ Environment

‒ Ethics

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