LKAB

{{Infobox company

| name = Luossavaara-Kiirunavaara Aktiebolag

| logo = LKAB wordmark.svg

| caption =

| type = Government-owned

| traded_as =

| genre =

| fate =

| predecessor =

| successor =

| foundation = {{start date and age|1890}}

| founder =

| defunct =

| location_city = Luleå

| location_country = Sweden

| location =

| locations =

| area_served = Worldwide

| key_people = Anders Borg{{cite web |title=Klart: Anders Borg blir ordförande för LKAB |url=https://www.svt.se/nyheter/lokalt/norrbotten/klart-anders-borg-blir-ordforande-for-lkab |website=SVT Nyheter |access-date=17 July 2024 |language=sv |date=25 April 2024}}
chairman of the board
Jan Moström
president CEO

| industry = Mining

| products = Iron ore
Fines
Pellets
Minerals

| services =

| revenue = {{loss}} 42.923 billion SEK – 2023

| operating_income = {{loss}} 16.230 billion SEK – 2023

| net_income = {{loss}} 15.220 billion SEK – 2023

| aum =

| assets = {{increase}} 106.948 billion SEK – 2023

| equity = {{increase}} 80.861 billion SEK – 2023

| owner = Government of Sweden – 100%

| num_employees = ~4,640 – 2023

| parent = Government Office of Sweden

| divisions = Minerals Division
The Mining Division
Special Business Division

| subsid = LKAB Berg & Betong
LKAB Fastigheter
LKAB Kimit
LKAB Malmtrafik
LKAB Mekaniska
LKAB Minerals
LKAB Norge AS
LKAB Wassara
LKAB Försäkring
LKAB Nät
LKAB Schwedenerz GmbH

| homepage = [http://www.lkab.com/?openform&lang=EN LKAB.com]

| footnotes = 2023 Year End Communiqué{{cite web |title=2023 Year End Report |url=https://mb.cision.com/Main/11419/3926881/2597551.pdf |access-date=17 July 2024}}

}}

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.{{cite web|title=LKAB's year-end report will be released tomorrow|url=http://www.lkab.com/en/Alla-nyheter/News1/?ni=4037&c=&m=|publisher=LKAB|accessdate=8 July 2012|url-status=dead|archiveurl=https://web.archive.org/web/20120712024131/http://www.lkab.com/en/Alla-nyheter/News1/?ni=4037&c=&m=|archivedate=12 July 2012}} LKAB's mines supply at least 80% of Europe's iron ore.{{Cite web |url=https://www.codastory.com/waronscience/sweden-climate-change-colonialism/ |title=In the Swedish Arctic, a battle for the climate rages |last=Cockerell | first=Isobel |date=December 7, 2023 |access-date=January 1, 2024}}

Operations

{{As of|2021}}, LKAB has over 4,500 employees in 12 countries.{{cite web |url=http://lkab.se/?openform&id=36CE |title=LKAB in brief |website=LKAB |url-status=live |archive-url=https://web.archive.org/web/20210629025215/https://www.lkab.com/en/about-lkab/lkab-in-brief/ |access-date=10 July 2021|archive-date=29 June 2021}} 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.{{Cite web|url=https://www.researchgate.net/publication/313474088|title=Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic|last=Overland|first=Indra|date=2016|website=ResearchGate|publisher=Arran|access-date=2 August 2018}} 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).Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698

Timeline

1890 LKAB is founded.{{cite web |title=It starts with the iron |url=https://www.lkab.com/en/about-lkab/lkab-in-brief/it-starts-with-the-iron/ |website=www.lkab.com |access-date=31 January 2022 |language=en}}
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.

Image:Map of Malmbanan (section).png, Svappavaara and Malmberget (outside of Gällivare), and brought by rail to the harbors of Luleå and Narvik.]]{{clear}}

Sponsorships

LKAB sponsors Swedish cross-country skiers Marcus Hellner and Charlotte Kalla.{{cite news|title=Kalla + Hellner + LKAB = SANT|url=http://sverigesradio.se/sida/artikel.aspx?programid=98&artikel=5267281|newspaper=Sveriges Radio|accessdate=3 February 2018|language=Swedish|date=12 September 2012}}{{cite web|title=Sponsorship|url=https://www.lkab.com/en/sustainability/our-social-commitment/sponsorship/|publisher=LKAB|accessdate=3 February 2018}}