|Key people||Marcus Wallenberg
Chairman of the Board
|Revenue||31.122 billion SEK - 2011|
|Operating income||14.705 billion SEK - 2011|
|Profit||10.96 billion SEK - 2011|
|Total assets||53.73 billion SEK - 2011|
|Total equity||37.893 billion SEK - 2011|
|Owners||Sweden - 100%|
|Employees||4,191 - December 2011|
|Parent||Government Office of Sweden|
|Divisions||The Market Division
The Minerals Division
The Mining Division
|Subsidiaries||LKAB Berg & Betong AB
LKAB Fastigheter AB
LKAB Kimit AB
LKAB Malmtrafik AB
LKAB Mekaniska AB
LKAB Wassara AB
|Footnotes / references
2011 Year End Report
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.
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.
See also Swedish iron ore during World War II.
- 1890 LKAB is founded.
- 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.
- "2011 Year End Report". LKAB.com.
- "LKAB's year-end report will be released tomorrow". LKAB. Retrieved 8 July 2012.
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