STOCKHOLM (Reuters) – Swedish miner Boliden said on Monday it would invest 5 billion crowns ($529.6 million) in adjusting the dam at its Aitik mine over the next two years.
“Ongoing geo-technical investigations in Aitik show the need to eventually change to a new dam construction method to ensure long-term disposal of tailings,” it said on a statement.
“In addition, there is a need to strengthen the current dam construction to meet the best international industry standards.”
Boliden now sees group investments this year totalling just over 11 billion crowns, up from previously communicated just over 10 billion.
($1 = 9.4405 Swedish crowns)
(Reporting by Anna Ringstrom; Editing by Simon Johnson)