LKAB office building

2013 was a successful year for LKAB with exciting developments in production, products, and markets, with a clear focus on sustainability.

LKAB Minerals highlights during the year included: 

  • Minelco became LKAB Minerals, and the LKAB corporation now gathers all subsidiaries under the same strong and global brand.
  • LKAB Minerals supported the LKAB group core business and sustainability by developing new business opportunities for LKAB’s magnetite ore and by refining, recycling and selling in­dustrial minerals on the world market.
  • Distribution agreement with Tronox for the supply of Zircon to China.
  • Acquisition of Richmond Refractories in the UK, strengthening LKAB Minerals position and knowledge within the recycled refractories market segment.
  • LKAB Minerals new long-term strategy with focus on significant growth and sustainable operations was implemented.
  • Quality Index of 99,38 percent.
  • As part of our Safety First! Programme we decreased Lost Time Accidents with 25 percent, to 8.96 accidents per million hours worked.
  • LKAB Minerals BV was certified for OHSAS 18001 as the first company in the group.

Highlights for the LKAB group included:

  • Reopening of the Gruvberget open pit mine, part of the Svappavaara field project, Europe’s largest iron ore project.
  • Opening of KUJ1365, the new main level in the Kiruna mine 1365 meter below ground, an investment of more than SEK 12 Billion.
  • Direct reduction pellets open new markets. LKAB signed long-term agreement with Emirates Steel in the United Arab Emirates to deliver one million tonnes and pellets specially adapted for steel­making via direct reduction, DR pellets. LKAB also signed a contract with Amer­ican steel giant Nucor Steel signs for the annual delivery of 750,000 tonnes of, DR pellets, start­ing in summer 2013.

Read more in the Integrated report: Annual and Sustainability Report 2013