LKAB

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Luossavaara-Kiirunavaara Aktiebolag
Type Government-owned
Industry Mining
Founded 1890
Headquarters Luleå, Sweden
Area served Worldwide
Key people Marcus Wallenberg
Chairman of the Board
Lars-Eric Aaro
President CEO
Products Iron ore
Fines
Pellets
Minerals
Revenue Increase 31.122 billion SEK - 2011
Operating income Increase 14.705 billion SEK - 2011
Profit Increase 10.96 billion SEK - 2011
Total assets Increase 53.73 billion SEK - 2011
Total equity Increase 37.893 billion SEK - 2011
Owner(s) Sweden - 100%
Employees 4,191 - December 2011
Parent Government Office of Sweden
Divisions The Market Division
The Minerals Division
The Mining Division
Special Business
Subsidiaries LKAB Berg & Betong AB
LKAB Fastigheter AB
LKAB Kimit AB
LKAB Malmtrafik AB
LKAB Mekaniska AB
Minelco AB
LKAB Wassara AB
Website LKAB.com
References: 2011 Year End Report[1]

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).

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 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.

See also Swedish iron ore during World War II.

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

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