LKAB founds new smelter
The new facility ensures stable production and increases volumes while enabling future manufacturing of rare earth metals.
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International mining and minerals group
lkab.comLast updated
In short: LKAB reported declining earnings due to high costs and currency effects, but secured major permits and discovered massive ore deposits.
The new facility ensures stable production and increases volumes while enabling future manufacturing of rare earth metals.
Currency effects and increased costs weighed on operating profit to SEK 63 million, despite stable volumes. Two important environmental permits were granted during the period.
No personal injuries were reported. The rescue service ended the operation at 16:45 on June 29.
The Land and Environmental Court approved permit for continued and expanded mining, including a demonstration plant for fossil-free sponge iron and apatite processing.
The state-owned mining company LKAB reports a significantly worsened result for 2025. A weaker dollar and soaring costs for the societal transformation in Kiruna have cost billions, while...
State-owned mining giant LKAB reports reduced revenue and a nearly wiped-out operating profit in the second quarter compared with the same period last year.
It is now clear that LKAB has been convicted of work environment offenses following the fatal accident at the Kiruna mine and that the company will pay a record corporate fine.
Kaunis Holding is preparing a stock market listing to pave the way for continued expansion - but the timing is still unclear. The board of the mining company Kaunis Holding has decided...
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