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Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
Sweden : € 85,000,000
Industry : € 85,000,000
Signature date(s)
29/12/2011 : € 32,000,000
29/12/2011 : € 53,000,000
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Summary sheet

Release date
16 September 2011
Status
Reference
Signed | 29/12/2011
20100674
Project name
Promoter - financial intermediary
Boliden Electronic Scrap Recycling

Boliden AB (publ)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 85 million
EUR 178 million
Location
Sector(s)
Description
Objectives

The project concerns an increase of electronic scrap recycling capacity at the Rönnskär copper smelter in Sweden.

Electronic metal scrap (e-scrap) is one of the quickest growing recycling materials. The project site recycles some 45 000 tonnes per year of e-scrap, and after the expansion this capacity will reach some 120 000 tonnes per year.

Environmental aspects
Procurement

The project falls under Annex II of the EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC, and the request for an Environmental Impact assessment (EIA), would therefore be at the discretion of local and national authorities. However, it has been indicated to the Bank that a specific EIA is not needed, as it is integrated in the global authorisation permitting procedure which is extensive and currently on-going. The Bank’s services will clarify the possible need for an EIA, as well as any other environmental details during appraisal.

The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement. The company is expected to obtain equipment and services for the project from amongst the few specialised engineering companies, using international negotiations. This procedure, which is usual in this industry, would be in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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