Luossavaara-Kiirunavaara Aktiebolag

Company type	Government-owned
Industry	Mining
Founded	1890; 135 years ago (1890)
Headquarters	Luleå , Sweden
Area served	Worldwide
Key people	Anders Borg[1] chairman of the board Jan Moström president CEO
Products	Iron ore Fines Pellets Minerals
Revenue	42.923 billion SEK – 2023
Operating income	16.230 billion SEK – 2023
Net income	15.220 billion SEK – 2023
Total assets	106.948 billion SEK – 2023
Total equity	80.861 billion SEK – 2023
Owner	Government of Sweden – 100%
Number of employees	~4,640 – 2023
Parent	Government Office of Sweden
Divisions	Minerals Division The Mining Division Special Business Division
Subsidiaries	LKAB Berg & Betong LKAB Fastigheter LKAB Kimit LKAB Malmtrafik LKAB Mekaniska LKAB Minerals LKAB Wassara LKAB Försäkring LKAB Nät LKAB Schwedenerz GmbH
Website	LKAB.com
Footnotes / references 2023 Year End Communiqué[2]

Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a state-owned 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 steel mill 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.^[3] LKAB's mines supply at least 80% of Europe's iron ore.^[4]

As of 2021^[update], LKAB has over 4,500 employees in 12 countries.^[5] 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 (Kiruna Mine) 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. 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.^[6] 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 (AERI).^[7]

• 1890 LKAB is founded.^[8]
• 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.

LKAB sponsors Swedish cross-country skiers Marcus Hellner and Charlotte Kalla.^[9][10]

• Swedish iron ore during World War II

• LKAB Minerals

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