E-scrap fundamentals
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Capital Markets Day November 22nd 2012
Roger Sundqvist General Manager, Boliden Rönnskär
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Total feed to Rönnskär
Normal year, including e-kaldo plant
Copper Concentrates ‒ 650,000 tonnes
Lead Concentrates ‒ 30,000 tonnes
Steelmill Dust (EAF) ‒ 20,000 tonnes
Copper/Zinc Residues ‒ 60,000 tonnes
E-materials (e-scrap+other) ‒ 120,000 tonnes
Copper Scrap ‒ 25,000 tonnes
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The value chain for electrical and electronic
waste
Collection of e-waste from industry and households
Inspection/Cleaning
Partition/Fragmentation
Separation
E-scrap
BOLIDEN
Aluminium
Iron
Plastic
Glass
Boliden CMD 2012
Electronic scrap potential
Electronic scrap treated
Land fill /stored
USA
Canada
EU25
Australia
China Japan
E-scrap smelting vs potential
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Europe excl Scandinavia: 70% of volume Scandinavia: 20% “- North America: 5% “- Other: 5% “-
Sourcing Rönnskär
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Main types of e-materials treated at Rönnskär
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E-scrap
10 – 30% copper 50 – 500 g/t gold 200 – 2,000 g/t silver Small amounts of palladium 10 – 30% plastic
E-granules
>30% copper 10 – 80 g/t gold 200 – 1,000 g/t silver Small amounts of palladium 1 – 10% plastic
Alloys
>60% copper 0 – 1,000 g/t gold 0 – 5% silver <1% plastic
Boliden CMD 2012
Method for price-setting
Similar to concentrate but terms not transparent for e-scrap
Contracts negotiated separately
Boliden’s revenue is based on TC/RC and free metals.
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Total capacity of 120,000 tonnes of e-scrap
Lead kaldo plant ‒ E-scrap smelting since 1980 ‒ Operated in campaigns ‒ E-scrap smelting, black copper further
refined in main copper flow ‒ Lead smelting, crude lead further
refined in lead refinery
E-kaldo plant ‒ In operation since January 2012 ‒ Continuous e-scrap smelting ‒ Black copper further refined in main
copper flow
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Expansion in short
Increased capacity for smelting of e-scrap to 120,000 tpa – an increase of 75,000 tonnes
1.3 bn SEK investment in equipment for unloading/sampling and an e-kaldo plant
Pay-back time <4 years
Project started Q2 2010 and e-Kaldo started production in January 2012
Increased production of gold, silver and copper
Best available technology
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E-kaldo
Unloading/ sampling
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Sampling
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E-scrap smelting using the Kaldo process
Boliden CMD 2012
Competitors
Europe ‒ Aurubis, Hamburg ‒ Aurubis, Lünen ‒ Umicore, Hoboken
Rest of the world
‒ Xstrata, Canada ‒ Dowa, Japan ‒ Naoshima, Japan ‒ LS Nikko, South Korea
Biggest “competitors”
‒ Exports to China and Africa ‒ Waste deposit instead of recycling
Aurubis, Hamburg
Aurubis, Lünen
Boliden
Umicore, Hoboken
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More than 30 years of experience in e-scrap
smelting and recycling
0
20 000
40 000
60 000
80 000
100 000
120 000
140 000
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012
E-scrap tpa
Target
Boliden CMD 2012
E-scrap processed at Rönnskär
Target
E-materials Feed, Total Rönnskär 2012
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0
20
40
60
80
100
120
140
Q1 2012 Q2 2012 Q3 2012
Column1 ktonnes
Q3 = Higher feed of lead concentrates than Q2
Revisioner
2012 16
Under 2011 gjordes två revisioner en av dom I Indien.
Bilden visar en medarbetare från AVA Chemicals i Indien samtala med revisorn Camilla Ottosson. Till vänster i bilden syns den indiske tolken.
Metals for modern life
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