at the very Core of it all … is Content!
LKAB is now investing in pilot plant facilities and, together with environmental services company Ragn-Sells, will industrialise an innovative technology for upgrading mine waste from iron ore production. This may result in LKAB producing phosphorus and rare earth metals, which in the EU are classed as strategic minerals that are of particular importance to the …
The mine of the future is carbon-dioxide-free, digitalized and autonomous. To set a new world standard for sustainable mining at great depth, LKAB, ABB, Epiroc, Combitech and AB Volvo have joined forces in a partnership and are starting a unique testbed in the orefields of northern Sweden. The testbed, SUM, Sustainable Underground Mining, will be …
Today, the ground will be broken for HYBRIT’s world-first pilot plant for creating fossil-free steel, with Swedish Prime Minister Stefan Löfven as keynote speaker. SSAB, LKAB, and Vattenfall have, together with the Swedish Energy Agency, decided to invest SEK 1,4 billion in the pilot plant. This means that the HYBRIT initiative now enters its second …
One of Sweden’s biggest urban relocation projects is now under way. Today the first building in the second phase will be loaded for transport by trailer along a seven-kilometre route. The building weighs 180 tonnes, about as much as 100 large passenger vehicles, and is 22 metres long, 10 metres wide and 11 metres tall. This …
SSAB, LKAB and Vattenfall announced today that they have formed a joint venture company to continue to drive the HYBRIT initiative. The three companies will each own one third of the company, which will seek to develop a steelmaking process that emits water instead of carbon dioxide. “HYBRIT is a very important initiative for SSAB …
As of 1 June 2016 Bo Krogvig will become LKAB’s new Senior Vice President, Communications, after having served as acting Senior VP Communications since 1 January. Most recently, Bo Krogvig has been responsible for Public Affairs at LKAB. Prior to that, he was employed with the business development consultancy Six Year Plan AB, where he was a …
Continued oversupply of iron ore and low prices for iron ore fines in the global market, puts pressure on LKAB´s profitability. With a new cost efficiency programme, LKAB will cut costs for 2017 by an amount that exceeds last years realized cost savings of MSEK 800. The operating result for the fourth quarter was a …
LKAB has decided on a new group structure. The aim of the reorganization is to place greater focus on iron ore production and to secure sustainable long-term mining operations. At the same time, changes are being made to LKAB’s group management. “LKAB faces a new situation. As a consequence of a changed market and falling world-market …
Low iron ore prices and fewer deliveries are putting pressure on LKAB´s profitability. Meanwhile, effects to reduce costs are having a positive effect. Operating profit for the second quarter totalled MSEK -228 (-417). The world´s major iron ore producers continue to increase their production volume despite an oversupply of iron ore. Given the market situation, …
LKAB’s board of directors has decided to appoint Jan Moström as the new President and CEO of LKAB. Jan Moström´s most recent role was Director of Mining Operations for Boliden as well as having extensive experience from senior positions in the mining industry. In connection with Jan Moström´s new appointment, current President and CEO Lars-Eric …