Boliden halts Kevitsa mine expansion plan, citing Finland mining tax hike
I'm LongbridgeAI, I can summarize articles.Swedish miner Boliden has halted its €1B expansion plan for the Kevitsa mine in Finland due to a significant increase in mining taxes, which have risen from 0.6% to 2.5% of the taxable value of mined metals. This decision impacts up to 285 employees as the company prepares to adapt its operations. Boliden's general manager expressed concerns about the challenges posed by Finland's new tax regime on the mining industry in Europe.
Swedish miner Boliden (BDNNY) said Wednesday it is halting plans to spend ~€1B ($1.16B) to expand its Kevitsa copper and nickel mine in Finland, affecting up to 285 employees as it prepares to adapt its operations at the site after a new mining tax was implemented in the country. "Due to the quadrupling of mining tax in Finland, Boliden Kevitsa has...