The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Viktor Trollsten - DNB Markets, Research Division - Analyst
: So a follow-up on the Odda project. Could you comment a bit on how that could change the sourcing balance in zinc for you. And then if I'm not
mistaken, you are more or less self-sufficient to 60% in zinc. And given that the Tara mine is relatively old, how could this change the sourcing mix
for you?
Question: Viktor Trollsten - DNB Markets, Research Division - Analyst
: Okay. But I mean in terms of free metals and stuff like that, could it change the mix for you? And also a follow-up on that. Does this change how
you prioritize your mine projects going forward. I mean as, let's say, the Tara Deep project get even more important for you?
Question: Viktor Trollsten - DNB Markets, Research Division - Analyst
: Okay. That's clear. And also on the mining side, I note that performance in most mines was really good, at least, in my view, the one thing that I
noticed in Boliden area that grids with the only exception in gold, where grids are down quite significantly quarter-over-quarter. Could you talk a
bit on that?
Question: Viktor Trollsten - DNB Markets, Research Division - Analyst
: So just if we look forward, should we expect sort of the same trends going forward or?
Question: Viktor Trollsten - DNB Markets, Research Division - Analyst
: Okay. And looking at Tara, then I note that the run rate in mill or was up quite significantly in the quarter. Is that the sort of level we should expect
going forward also?
Question: Xiaofei Du - BofA Merrill Lynch, Research Division - Analyst
: Most of my questions have been answered, but maybe just to follow-up on 2 quick ones, please. Number one, what is the thinking around Tara
Deep at the moment? I know that with Odda expansion, which is potentially a very attractive project from a long-term perspective for the group.
And ideally, of course, if you can increase the earnings production from own assets to go along with it, that might be quite good. But what is the
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JULY 22, 2020 / 7:30AM, BOL.ST - Q2 2020 Boliden AB Earnings Call
latest update with zinc price, as you said, is nearing the cash cost level? And given that Tara historically has been a relatively high cost mine. Will
this change anything in terms of your thinking?
Question: Xiaofei Du - BofA Merrill Lynch, Research Division - Analyst
: Yes. And the second question, can you just remind us if you're currently utilizing any furlough scheme for cost savings?
Question: Xiaofei Du - BofA Merrill Lynch, Research Division - Analyst
: Furlough schemes in Sweden and Finland?
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