Luossavaara-Kiirunavaara

Aktiebolag ''Aktiebolag'' (, " stock company") is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated AB (in Sweden), Ab (in Finland), or, rarely, A/B (dated), roughly equivalent to the abbreviations '' Lt ...

(LKAB) is a

government owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public owners ...

Swedish mining company. The company mines iron ore at

Kiruna (; se, Giron ; fi, Kiiruna ) 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 (population: 23,167 in 2016) in Norrbotten County. The city was ...

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 Fines may refer to: * Fines, Andalusia, Spanish municipality * Fine (penalty) * Fine, a dated term for a premium on a lease of land, a large sum the tenant pays to commute (lessen) the rent throughout the term *Fines, ore or other products with a s ...

, which are transported by Iore trains ( Malmbanan) to the harbours at

Narvik ( se, Áhkanjárga) is the third-largest List of municipalities of Norway, municipality in Nordland Counties of Norway, county, Norway, by population. The administrative centre of the municipality is the Narvik (town), town of Narvik. Some of t ...

and

Luleå Luleå ( , , locally ; smj, Luleju; fi, Luulaja) is a city on the coast of northern Sweden, and the capital of Norrbotten County, the northernmost county in Sweden. Luleå has 48,728 inhabitants in its urban core (2018) and is the seat of Lu ...

and to the steelmill 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. , LKAB has over 4,500 employees in 12 countries. 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 Mine) and Malmberget, close to Gällivare. The ore is partially processed on site, and is transported by freight train on Malmbanan to either

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. 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).

Timeline

* 1890 LKAB is founded. * 1891 AB Gellivare 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 Grangesberg-Oxelosund (TGO) retains 4%. * 1976 LKAB becomes a government-owned corporation.

Sponsorships

LKAB sponsors Swedish

cross-country skiers Cross-country skiing is a form of skiing where skiers rely on their own locomotion to move across snow-covered terrain, rather than using ski lifts or other forms of assistance. Cross-country skiing is widely practiced as a sport and recreatio ...

Marcus Hellner and

Charlotte Kalla Marina Charlotte Kalla (born 22 July 1987 in Tärendö) is a Swedish cross-country skier who has been competing at international level since the 2003–04 season. Kalla is a three-time Olympian, winning her first Olympic gold medal at the 2010 Wi ...

References

External links

{{Authority control Iron ore mining companies Mining companies of Sweden Kiruna Companies based in Norrbotten County Non-renewable resource companies established in 1890 Ironworks in Sweden Metal companies of Sweden Electric power distribution network operators in Sweden Swedish companies established in 1890

Timeline

Sponsorships

See also

References

External links