LKAB
| Company type | Government-owned |
|---|---|
| Industry | Mining |
| Founded | 1890 |
| Headquarters | , |
Area served | Worldwide |
Key people | Anders Borg chairman of the board Jan Moström president CEO |
| Products | Iron ore Fines Pellets Minerals |
| Revenue | 42.923 billion SEK – 2023 |
| 16.230 billion SEK – 2023 | |
| 15.220 billion SEK – 2023 | |
| Total assets | 106.948 billion SEK – 2023 |
| Total equity | 80.861 billion SEK – 2023 |
| Owner | Government of Sweden – 100% |
Number of employees | ~4,640 – 2023 |
| 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 Norge AS LKAB Wassara LKAB Försäkring LKAB Nät LKAB Schwedenerz GmbH |
| Website | LKAB.com |
| Footnotes / references 2023 Year End Communiqué | |
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. LKAB's mines supply at least 80% of Europe's iron ore.