Fast facts LKAB Minerals
- Operations in 11 countries
- Turnover: 212 MEURO 2018
- Employees: 400
- Own deposits: Magnetite in Sweden, Mica in Finland, UltraCarb in Turkey
- Mineral portfolio: > 30 minerals which we process in our plants for distribution worldwide
- 100 % owned by LKAB
Growth, Sustainability and Innovation
LKAB is divided into two divisions; Business Area Iron Ore that represent the majority of the LKAB business and has been in operation since 1890.
The other division, the Business Area Special Products (BASP) consists of businesses that either develop and supply products and services to LKAB to increase competitiveness or to create value in other markets. This includes water-powered drilling solutions, explosives, mechanical services, and mining and construction services – and industrial minerals.
Our ambition is to grow the Business Area Special Products to broaden and strengthen LKAB. A significant part of the growth is expected to come from the expansion of our industrial mineral business through LKAB Minerals. We are growing through organic growth, technical innovation, and acquisitions, with a clear sustainability profile.
View our sustainability policy here: