LKAB

Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a 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 steelmill at Luleå (SSAB).

Luossavaara-Kiirunavaara Aktiebolag

Type	Government-owned
Industry	Mining
Founded	1890 (1890)
Headquarters	Luleå , Sweden
Area served	Worldwide
Key people	Sten Jakobsson chairman of the board Jan Moström president CEO
Products	Iron ore Fines Pellets Minerals
Revenue	16.200 billion SEK - 2015
Operating income	7.136 billion SEK - 2015
Net income	5.686 billion SEK - 2015
Total assets	56.028 billion SEK - 2015
Total equity	32.116 billion SEK - 2015
Owner	Government of Sweden - 100%
Number of employees	4,463 - December 2015
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 2015 Year End Report[1]

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.[2]

LKAB has around 4,000 employees, of which more than 600 are outside of Sweden.[3] There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, and 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.[4]

Timeline

• 1890 LKAB is founded.[5]
• 1891 AB Gellivarare Malmfält founded.
• 1893 AB Gellivare Malmfält bought LKAB.
• 1899 Ore Line from the south reaches Kiruna.
• 1957 The government takes over LKAB to 96%. Traffic Grängesberg-Oxelösund (TGO) retains 4%.
• 1976 LKAB becomes a government-owned corporation.

Iron ore is extracted in Kiruna, Svappavaara and Malmberget (outside of Gällivare), and brought by rail to the harbours of Luleå and Narvik.

Sponsorships

LKAB sponsors Swedish cross-country skiers Marcus Hellner and Charlotte Kalla.[6][7]

See also

• Swedish iron ore during World War II

References

1. "2015 Year End Report" (PDF). LKAB.com. Archived from the original (PDF) on 2016-08-15. Retrieved 2017-01-25.
2. "LKAB's year-end report will be released tomorrow". LKAB. Archived from the original on 12 July 2012. Retrieved 8 July 2012.
3. http://lkab.se/?openform&id=36CE
4. Overland, Indra (2016). "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic". ResearchGate. Arran. Retrieved 2 August 2018.
5. "Archived copy". Archived from the original on 2012-02-12. Retrieved 2014-10-03.CS1 maint: archived copy as title (link)
6. "Kalla + Hellner + LKAB = SANT" (in Swedish). Sveriges Radio. 12 September 2012. Retrieved 3 February 2018.
7. "Sponsorship". LKAB. Retrieved 3 February 2018.

External links