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 - Danske Bank A/S, Research Division - Analyst
: Maybe first on zinc concentrate availability. Has this proven more difficult than you may be initially thought given the closure of Tara? And just
looking on the zinc smelting side, the zincs are down in both Kokkola and Odda.
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: And then also on the zinc side, the Tara Deep exploration stopped, maybe I need to refresh my own mind, but is that what you have communicated
previously? Also...
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: And does that impact how you think about the timing of reopening Tara?
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: Super. And then just finally on my side, recoveries in Kevitsa, I think we touched upon that topic last quarter also. Nickel, steel are quite in a low
levels. Is that a structural problem or should we think about that going into next year? That's it.
Question: Viktor Trollsten - Danske Bank A/S, Research Division - Analyst
: And sorry, just a follow-up. But into next year, will you still be in the same phase of the mine in 2024? We're looking at higher grades, of course,
but...
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Just got three questions. The first one is just on that working capital release. I mean, we've been kind of guided to a working capital release the
past couple of quarters that perhaps hasn't materialized as much as we'd have thought. So are you confident this time around that SEK 2 billion
that you're guiding to release in Q4 is fair? And are you able to give us any kind of steer on any kind of working capital views as we move to 2024
as well, please? That's the first one.
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. And for '24?
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. The next question is just on Garpenberg. Can you just give us a little bit more color as to why you're struggling to get into that high-grade
stopes? And perhaps, is there any more detail you can give us on the grade progression next year? That's the second one. I've just got one more.
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Yes, yes, yes.
Question: Richard James Hatch - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. That's helpful. And then the last one is just on the Boliden area. You haven't given us guidance in terms of grade there, but are you able to
give us a bit of a steer on tonnes mine? You've got your new initial production from RSvliden and coming online in the fourth quarter. So can you
just give us a bit of steer on volumes coming out of that mine just in terms of ore and then we can take a view on the grade, I guess.
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