2024-04-11 LKAB forced to cut production due to crisis on the Malmbanan railroad
Apr. 10, 2024 - The derailments, which occurred in December and February, stopped traffic bound for the port of Narvik for 76 days, causing a revenue loss amounting to 100 million kronor per day. Now, iron ore products corresponding to more than 600 fully loaded trains are stockpiled in Kiruna and Svappavaara and ...
2022-04-05 LKAB Minerals acquires Intermag to extend mineral processing capabilities
Apr. 1, 2022 - LKAB Minerals invests in the North East to acquire Intermag, specialists in Magnesia processing. “Intermag is an exciting incremental addition to LKAB Minerals business and aligns with our strategy to significantly grow the business over time through continuous organic, innovation, and acq...
2021-07-07 Circular business models are worth billions to LKAB
Jul. 7, 2021 - Utilising side streams from our own and others’ industrial operations allows us to create new high quality, environmentally efficient products. “Already today, more than a third of LKAB’s sales of industrial minerals are from secondary streams of raw materials, generating over a billion krono...
2021-06-22 HYBRIT: SSAB, LKAB and Vattenfall first in the world with hydrogen-reduced sponge iron
Jun. 21, 2021 - SSAB, LKAB and Vattenfall have now produced the world’s first hydrogen-reduced sponge iron at a pilot scale. The technological breakthrough in the HYBRIT initiative eliminates around 90% of emissions in conjunction with steelmaking and is a decisive step on the road to fossil-free steel. ...
2021-06-17 LKAB becomes the new principal owner of Bergteamet AB
Jun. 16, 2021 - LKAB will, after approval by the Swedish Competition Authority, acquire 75% of the shares in Bergteamet AB. "As part of LKAB's mining strategy at great depths in our underground mines, we see a great need for specialized rock contracts for a long time to come. The mining team has a l...
2021-06-08 LKAB increases its ownership in SSAB to 16.0 percent of the votes
Jun. 7, 2021 - LKAB has today flagged for an increased holding in SSAB and today has a holding amounting to 16.0 percent of the votes and 10.5 percent of the capital. After the investment company Industrivärden sold its holding in May, LKAB has become the largest owner. We are now consolidating our influe...
2021-06-01 LKAB Mineral: New technology helps explorers see through the rock
May 26, 2021 - LKAB, Minalyze AB and Sentian join forces in a consortium to develop the technology for scanning drill cores. With artificial intelligence, large amounts of data can be processed - and even help geologists draw conclusions about what is outside the boreholes. In March 2020, LKAB started a t...
2021-06-01 LKAB develops a new mining method
May 28, 2021 - When mining depths in underground mines increase, so do the challenges. Therefore, an entirely new method has been developed – raise caving. This is a major groundbreaking step towards a safer, more efficient mine. "Raise caving has been developed for efficient mining at great depth," says Matthi...
2021-05-28 LKAB Minerals launches online learning platform
May 28, 2021 - Following on from a successful year of digital webinars and seminars in 2020, we are excited to launch the next phase in our digital services: the LKAB Minerals online learning centre. One space for all learnings The online, user led platform is designed to provide training and host on de...
2021-05-19 Groundbreaking ceremony celebrates LKAB UK Head Office renovation
May 18. 2021 - A groundbreaking ceremony on the 13th May 2021 marked the beginning of a £2m renovation and extension of LKAB Minerals UK Head Office, based in Derby. Darren Wilson, CEO of Industrial Minerals said: “I’m delighted work is now underway to create our new UK Head Office. We are not just building an ...
2020-12-14 LKAB Minerals announces leadership appointments
Dec. 11, 2020 - International mining and minerals group LKAB is pleased to announce the appointment of Darren Wilson as CEO of Industrial Minerals. Rowan Elliott will assume the role of Managing Director of LKAB Minerals Ltd. effective from the 1st January 2021. The former Managing Director of LKA...
2020-11-30 LKAB's historic transformation plan
Nov. 30, 2020 - On November 23, Jan Moström, President and CEO of LKAB, presented the mining and minerals group’s new strategy along with the company’s Chairman of the Board Göran Persson. The plan for transformation involves radical changes in the company’s operations and a new position in the market. “This is t...
2019-09-23 SSAB, LKAB and Vattenfall to advocate for net zero emissions at UN Climate Week
Sep. 20, 2019 - SSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, will participate in the Climate Week NYC and UN Climate Action Summit in New York. The message they will bring is that it is possible to reach net zero emissions in the iron and steel industry and energy sector. UN Secr...
2019-08-09 Francis Flower to become fully integrated with LKAB since September 1st
Aug. 8, 2019 - In December 2018, LKAB Minerals acquired Francis Flower, a family owned group of UK based companies specialising in the processing of mineral products. The acquisition is an obvious synergy for both companies and strengthens our product and service offering to a number of industries. Theref...
2019-04-16 An integrated future: LKAB‘s first Operations Conference
Apr. 16, 2019 - LKAB Minerals UK & Ireland held its first Operations Conference at Trent Bridge Cricket Ground, Nottingham. The conference, entitled ‘An Integrated Future’ focussed on the integration of Francis Flower into LKAB Minerals and the plans in successfully achieving our goal of one com...
2018-11-20 LKAB Minerals acquires Francis Flower, assume ownership December 3rd
Nov. 19, 2018 - The planned acquisition announced on October 10th has now received clearance from the Austrian Competition Authority. LKAB Minerals are now working on a completion date of the 3rd December, at which point LKAB Minerals will take full control of the Francis Flower. ...
2018-10-11 LKAB Minerals to acquire Francis Flower
Oct. 10, 2018- LKAB Minerals will, subject to merger clearance, complete a cash deal transaction acquiring full ownership of Francis Flower. "Francis Flower will bring a portfolio of sustainable products that will strengthen LKAB Minerals position as a supplier for the Building and Construction indus...
2018-07-06 LKAB develops new technology for producing strategic minerals from mine waste
JUl. 4, 2018 - 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 clas...
2018-05-08 Sustainably sourced minerals for the polymer industry
May 7, 2018 - Sustainability demands from the polymer industry throughout the entire value chain positively impacts LKAB Minerals. Currently, our customers in the polymer industry are challenged by industrial end-users and the consumer markets alike to be completely sustainable. As a result, we have seen a pos...
2018-02-02 LKAB, together with SSAB and Vattenfall, has taken the initiative for a carbon-free steel production
Feb. 2, 2018 - LKAB, together with SSAB and Vattenfall, has taken the initiative for a carbon-free steel production. In 2016, SSAB, LKAB and Vattenfall joined forces to create HYBRIT – a joint venture project that endeavours to revolutionize steel-making. HYBRIT aims to replace coking coal, tradit...
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