Luossavaara-Kiirunavaara

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

(LKAB) is a

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

Swedish mining company. The company mines iron ore at

Kiruna (; ; ; ) is the northernmost Stad (Sweden), city in Sweden, situated in the province of Lapland, Sweden, Lapland. It had 17,002 inhabitants in 2016 and is the seat of Kiruna Municipality (population: 23,167 in 2016) in Norrbotten County. The c ...

and at

Malmberget Malmberget ("The Ore Mountain", Finnish language, Finnish and Meänkieli dialects, Meänkieli: ''Malmivaara'') is a urban areas of Sweden, locality and mining town situated in Gällivare Municipality, Norrbotten County, Sweden. It had 5,590 inhabit ...

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 Lease#Leases_of_land, premium on a lease of land, a large sum the tenant pays to commute (lessen) the rent throughout the term * Fines, ore or oth ...

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

Narvik () 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 the notable villag ...

and

Luleå Luleå ( , , locally ; ; ) is a Cities in Sweden, city on the coast of northern Sweden, and the County Administrative Boards of Sweden, capital of Norrbotten County, the northernmost county in Sweden. Luleå has 48,728 inhabitants in its urban ...

and to the steel mill at Luleå (

SSAB SSAB ABSSAB ASSAB B
, earlier Svenskt Stål AB (), is a Swedish company, formed in 1978, that spec ...

). 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's mines supply at least 80% of Europe's iron ore.

Operations

, 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

, close to

Gällivare Gällivare (; ; or ; or ; ) 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 ...

. 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 The Arctic Environmental Responsibility Index (AERI) is a ranking of environmental responsibility based on a survey among 173 members of the ''International Panel on Arctic Environmental Responsibility'' (IPAER), whose input is processed using segme ...

(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

Marcus Hellner Carl Marcus Joakim Hellner (born 25 November 1985) is a Swedish former cross-country skiing (sport), cross-country skier who competed between 2003 and 2018. He retired at the end of the 2017-18 FIS Cross-Country World Cup, 2017-18 FIS World Cup se ...

and

Charlotte Kalla Marina Charlotte Kalla (; born 22 July 1987) is a Swedish retired Cross-country skiing (sport), cross-country skier. A four-time Olympian, Kalla won three golds and nine medals overall at the Olympics between 2004 and 2022. She holds the joint r ...

References

External links

LKAB Minerals
{{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 19th-century establishments in Norrbotten County

Operations

Timeline

Sponsorships

See also

References

External links