Number of employees 4,463 | Area served Worldwide Founded 1890 Type State-owned enterprise | |
Key people Sten JakobssonChairman of the BoardJan MoströmPresident CEO Products Iron oreFinesPelletsMinerals Revenue 16.200 billion SEK - 2015 Operating income CEO Jan Mostrom (15 Sep 2015–) Subsidiaries Wassara AB, LKAB Fastigheter AB Profiles | ||
Iore train lkab and abiskoj kka river at abisko sweden
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).
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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 around 4,000 employees, of which more than 600 are outside of Sweden. There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, and sales offices in Belgium, Germany and Singapore. LKAB has subsidiaries for industrial minerals with processing plants in Sweden, Finland, Greenland, the UK, the Netherlands, Greece, Turkey and China. Additional subsidiaries are in Germany, the USA and Hong Kong as well as representative offices in Slovakia and Thailand.
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 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.