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BOLIDEN (Scrap Monster): Swedish mining and smelting company, Boliden (sto:BOL), has announced that it has opened new electronics recycling facility at the Ronnskar copper smelter outside Skelleftea.

The SEK 1.3 billion investment increases the smelter's capacity to 120,000 tonnes per year and thereby makes Boliden world leader in electronics recycling.

The increased use of electronic products, shorter product lifecycles and stricter legislation governing electronic waste, means that the global availability of electronic scrap is increasing.

Lennart Evrell, President and CEO of Boliden states that, "A growing share of the metal production will originate from recycling. With this project Boliden combines high environmental performance with good business returns"

Boliden's new facility increase Ronnskar's electronics recycling capacity to 120,000 tonnes per year. The expansion project started in 2010 and the smelting of electronic material in the new facilities began as planned in January 2012.

The investment is in line with Boliden's view of metals' eco-cycle in a sustainable society. By increasing Ronnskar's capacity, Boliden is helping ensure that more electronic scrap is recycled, rather than being sent to landfills.