LKAB

Luossavaara-Kiirunavaara Aktiebolag

Type	Government-owned
Industry	Mining
Founded	1890; 127 years ago (1890)
Headquarters	Luleå, Sweden
Area served	Worldwide
Key people	Sten Jakobsson Chairman of the Board Jan Moström President CEO
Products	Iron ore Fines Pellets Minerals
Revenue	16.200 billion SEK - 2015
Operating income	7.136 billion SEK - 2015
Profit	5.686 billion SEK - 2015
Total assets	56.028 billion SEK - 2015
Total equity	32.116 billion SEK - 2015
Owner	Government of Sweden - 100%
Number of employees	4,463 - December 2015
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 2015 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.