LKAB

Last updated
Luossavaara-Kiirunavaara Aktiebolag
Company type Government-owned
Industry Mining
Founded1890;134 years ago (1890)
Headquarters,
Area served
Worldwide
Key people
Anders Borg [1]
chairman of the board
Jan Moström
president CEO
Products Iron ore
Fines
Pellets
Minerals
RevenueDecrease2.svg 42.923 billion SEK2023
Decrease2.svg 16.230 billion SEK – 2023
Decrease2.svg 15.220 billion SEK – 2023
Total assets Increase2.svg 106.948 billion SEK – 2023
Total equity Increase2.svg 80.861 billion SEK – 2023
Owner Government of Sweden100%
Number of employees
~4,640 – 2023
Parent Government Office of Sweden
Divisions Minerals Division
The Mining Division
Special Business Division
Subsidiaries LKAB Berg & Betong
LKAB Fastigheter
LKAB Kimit
LKAB Malmtrafik
LKAB Mekaniska
LKAB Minerals
LKAB Wassara
LKAB Försäkring
LKAB Nät
LKAB Schwedenerz GmbH
Website LKAB.com
Footnotes /references
2023 Year End Communiqué [2]

Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a state-owned Swedish mining company. The company mines iron ore at Kiruna and at Malmberget in northern Sweden. The company was established in 1890, and has been 100% state-owned since the 1950s. The iron ore is processed to pellets and sinter fines, which are transported by Iore trains (Malmbanan) to the harbours at Narvik and Luleå and to the steel mill at Luleå (SSAB). Their production is sold throughout much of the world, with the principal markets being European steel mills, as well as North Africa, the Middle East and Southeast Asia. [3] LKAB's mines supply at least 80% of Europe's iron ore. [4]

Contents

Operations

As of 2021, LKAB has over 4,500 employees in 12 countries. [5] There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, and a sales office in Germany. LKAB has subsidiaries for industrial minerals with processing plants in Sweden, Finland, the UK, the Netherlands, Turkey and China. Additional subsidiaries are in Germany, the US and Hong Kong as well as representative offices in Slovakia, Greece, Spain and South Africa.

LKAB's chief assets are among the magnetite orefields of northern Sweden. Its corporate headquarters are in Luleå and the main production sites are in Kiruna (Kiruna Mine) and Malmberget, close to Gällivare. The ore is partially processed on site, and is transported by freight train on Malmbanan to either Narvik or Luleå depending on final destination. LKAB has been ranked as among the 14th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic. [6] In 2021, LKAB was ranked no. 23 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI). [7]

Timeline

Iron ore is extracted in Kiruna, Svappavaara and Malmberget (outside of Gallivare), and brought by rail to the harbors of Lulea and Narvik. Map of Malmbanan (section).png
Iron ore is extracted in Kiruna, Svappavaara and Malmberget (outside of Gällivare), and brought by rail to the harbors of Luleå and Narvik.

Sponsorships

LKAB sponsors Swedish cross-country skiers Marcus Hellner and Charlotte Kalla. [9] [10]

See also

Related Research Articles

<span class="mw-page-title-main">Norrbotten County</span> County (län) of Sweden

Norrbotten County is the northernmost county or län of Sweden. It is also the largest county by land area, almost a quarter of Sweden's total area. It shares borders with Västerbotten County to the southwest, the Gulf of Bothnia to the southeast, the counties of Nordland and Troms in Norway to the northwest, and Lapland Province in Finland to the northeast.

<span class="mw-page-title-main">Kiruna</span> Mining city in northern Sweden

Kiruna is the northernmost city in Sweden, situated in the province of Lapland. It had 17,002 inhabitants in 2016 and is the seat of Kiruna Municipality in Norrbotten County. The city was originally built in the 1890s to serve the Kiruna Mine.

Swedish iron ore was an important economic and military factor in the European theatre of World War II, as Sweden was the main contributor of iron ore to Nazi Germany. The average percentages by source of Nazi Germany’s iron ore procurement through 1933–43 by source were: Sweden: 43.0 Domestic production (Germany): 28.2 France: 12.9. Within the German military the Navy was most dependent on Swedish steel as an absolute necessity to the German war effort, according to their grand admiral. It has also been argued that the Swedish export helped prolong the war.

<span class="mw-page-title-main">Gällivare</span> Place in Lapland, Sweden

Gällivare is a locality and the seat of Gällivare Municipality in Norrbotten County, province of Lapland, Sweden with 8,449 inhabitants in 2010. The town was founded in the 17th century. Together with nearby towns Malmberget and Koskullskulle it forms a conurbation with some 15,000 inhabitants. This conurbation is the second northernmost significant urban area of Sweden after Kiruna.

<span class="mw-page-title-main">Malmberget</span> Place in Lapland, Sweden

Malmberget is a locality and mining town situated in Gällivare Municipality, Norrbotten County, Sweden. It had 5,590 inhabitants in 2010, reduced to 927 by December 2020. It is situated 5 kilometres from the municipal seat of Gällivare.

<span class="mw-page-title-main">Ofoten Line</span> Railway line in Narvik, Norway

The Ofoten Line is a 43-kilometre (27 mi) railway line in Narvik Municipality, Norway. It runs from the Port of Narvik to Riksgränsen on the Norway–Sweden border, where the line continues as the Ore Line via Kiruna and Gällivare to Luleå. The Ofoten Line is single track, electrified at 15 kV  16.7 Hz AC and has seven stations. The line only connects to the rest of the Norwegian railway network via Sweden. The main traffic is up to 12 daily freight trains operated by Malmtrafik that haul iron ore from Sweden to Narvik. In addition, CargoNet operates container trains, branded as the Arctic Rail Express (ARE), and Vy Tåg operates passenger trains, including a night train to Stockholm.

Malmfälten is a major mining district in Sweden, centred on the northern towns of Kiruna and Malmberget.

<span class="mw-page-title-main">Iron Ore Line</span> Railway line in northern Sweden

The Iron Ore Line is a 398-kilometre (247 mi) long railway line between Riksgränsen and Boden in Norrbotten County, Sweden, owned by Trafikverket. The line also contains two branches, from Kiruna to Svappavaara and from Gällivare to Koskullskulle. The term is often colloquially used to also include the Ofoten Line, from Riksgränsen to Narvik in Norway, and the northernmost part of the Main Line Through Upper Norrland from Boden to Luleå. The railway from Narvik to Luleå is 473 kilometres (294 mi) long.

<span class="mw-page-title-main">Iore</span> Electric locomotive class built by Adtranz

Iore, often stylized IORE, is a class of 34 electric locomotives built by Adtranz and its successor Bombardier Transportation for the Swedish mining company LKAB's railway division Malmtrafik. The class is a variation of Adtranz's Octeon modular product platform, thus related to Bombardier's later TRAXX platform. The locomotives are considered to be one of the most powerful locomotives and haul iron ore freight trains on the Iron Ore Line and Ofoten Line in Sweden and Norway, respectively. The 8,600-tonne 68-car trains are hauled by two single-ended Co′Co′ locomotives, each with a power output of 5,400 kW (7,200 hp). Each operates with 600 kilonewtons tractive effort and has a maximum speed of 80 km/h (50 mph). Delivery of the first series of 18 locomotives was made from 2000 to 2004, and they replaced some of the aging Dm3 and El 15 units. In 2007, eight more vehicles were ordered, with production to be completed by 2011, by which time, another four double units were ordered. These units were scheduled to be delivered from 2013 to 2014.

<span class="mw-page-title-main">LKAB Malmtrafik</span> Swedish railway company

LKAB Malmtrafik, earlier Malmtrafik i Kiruna AB (MTAB), is a Swedish railway company which operates the iron ore freight trains on the Iron Ore Line and the Ofoten Line. MTAB is a wholly owned subsidiary of the mining company Luossavaara–Kiirunavaara (LKAB). In Norway, operations are handled by the subsidiary Malmtrafikk AS (MTAS). Malmtrafik hauls ore from LKAB's mines in Kiruna, Malmberget and Svappavaara to the ports of Luleå and Narvik, the latter located in Norway. The company owns 28 Iore locomotives and 750 hopper cars. Each train is 68 cars long and weighs 8,600 tonnes, allowing the company to transport 33 million tonnes per year.

<span class="mw-page-title-main">SJ Dm3</span>

Dm and Dm3 is a series of locomotives used by Swedish State Railways and later Malmtafik i Kiruna (MTAS) for pulling iron ore trains on the Iron Ore Line in Sweden and Ofoten Line in Norway. A total of 39 double-locomotives (Dm) were delivered between 1954 and 1971, built by ASEA. A further 19 center locomotives (Dm3) were later delivered. Norwegian State Railways also operated 12 similar locomotives, designated NSB El 12. The Dm is a articulated, freight-optimized version of the Da-locomotive.

<span class="mw-page-title-main">SJ O</span>

O is a series of electric locomotives used by Swedish State Railways for hauling heavy iron ore trains on the Iron Ore Line in Sweden. The type Oa locomotives were built by Siemens and type Ob were built by ASEA.

<span class="mw-page-title-main">Kiirunavaara</span> Mountain in Norrbotten, Sweden

Kiirunavaara is a mountain situated in Kiruna Municipality in Norrbotten County, Sweden. It contains one of the largest and richest bodies of iron ore in the world.

<span class="mw-page-title-main">Hjalmar Lundbohm</span> Swedish geologist and chemist

Johan Olof Hjalmar Lundbohm was a Swedish geologist and chemist and the first managing director of LKAB in Kiruna. He made a strong contribution to the design of the new community of Kiruna in Lapland.

<span class="mw-page-title-main">Kiruna mine</span> Underground iron ore mine in Sweden

The Kiruna mine is the largest and most modern underground iron ore mine in the world. The mine is located in Kiruna in Norrbotten County, Lapland, Sweden. The mine is owned by Luossavaara-Kiirunavaara AB (LKAB), a large Swedish mining company. In 2018 the mine produced 26.9 million tonnes of iron ore. The Kiruna mine has an ore body which is 4 km (2.5 mi) long, 80 metres (260 ft) to 120 metres (390 ft) thick and reaching a depth of up to 2 km (1.2 mi). Since mining began at the site in 1898, the mine has produced over 950 million tonnes of ore. As of 2020, the main haulage level is 1,365 m below the ore outcrop at Kiirunavaara that existed prior to mining.

The Malmberget mine is one of the largest iron ore mines in the world. The mine is located in Malmberget in Norrbotten County, Lapland, it is owned by Luossavaara-Kiirunavaara AB (LKAB). The mine has an annual production capacity of over 5 million tonnes of iron ore and has reserves amounting to 350 million tonnes of ore grading 43.8% iron, resulting 153.3 million tonnes of iron. In 2009, the mine produced 4.3 million tonnes of iron.

<span class="mw-page-title-main">Kiruna Central Station</span> Railway station in Kiruna, Sweden

Kiruna Central Station is a railway station located on the Iron Ore Line in Kiruna, Sweden. The station is served by up to three daily services northwards on the Iron Ore Line to Narvik Station in Norway. Southwards, the station is served by two daily services to Luleå Central Station and Stockholm Central Station, operated by SJ, and two (week-ends) or three (weekdays) daily services to Luleå Central Station operated by Norrtåg.

<span class="mw-page-title-main">Narvik (town)</span> Town in Narvik Municipality, Norway

 (Norwegian) or Áhkánjárga (Northern Sami) is a town and the administrative centre of Narvik Municipality in Nordland county, Norway. The town is located along the Ofotfjorden in the Ofoten region. The town lies on a peninsula located between the Rombaken fjord and the Beisfjorden. The European route E06 highway runs through the Beisfjord Bridge and Hålogaland Bridge crossing the two small fjords surrounding the town.

<span class="mw-page-title-main">Museum Nord, Narvik</span> Railway museum in Narvik, Norway

Museum Nord, Narvik is a museum located in the town of Narvik in Narvik Municipality in Nordland county, Norway. The museum is an anchor point on the European Route of Industrial Heritage.

<span class="mw-page-title-main">Mining in Sweden</span> Mining industry in Sweden

The mining industry in Sweden has a history dating back 6,000 years.

References

  1. "Klart: Anders Borg blir ordförande för LKAB". SVT Nyheter (in Swedish). 25 April 2024. Retrieved 17 July 2024.
  2. "2023 Year End Report" (PDF). Retrieved 17 July 2024.
  3. "LKAB's year-end report will be released tomorrow". LKAB. Archived from the original on 12 July 2012. Retrieved 8 July 2012.
  4. Cockerell, Isobel (December 7, 2023). "In the Swedish Arctic, a battle for the climate rages" . Retrieved January 1, 2024.
  5. "LKAB in brief". LKAB. Archived from the original on 29 June 2021. Retrieved 10 July 2021.
  6. Overland, Indra (2016). "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic". ResearchGate. Arran. Retrieved 2 August 2018.
  7. Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698
  8. "It starts with the iron". www.lkab.com. Retrieved 31 January 2022.
  9. "Kalla + Hellner + LKAB = SANT". Sveriges Radio (in Swedish). 12 September 2012. Retrieved 3 February 2018.
  10. "Sponsorship". LKAB. Retrieved 3 February 2018.