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History

Faith in the Future since 1890

LKAB is one of Sweden’s oldest industrial companies. LKAB mines mostly magnetite ore in some of the world’s richest iron ore deposits north of the Arctic Circle in Swedish Lapland.

The company was founded in 1890 and has been an important cog in Swedish export industry and industrial development for more than a century. Throughout this period the company has played the role of reliable supplier and partner to the European steel industry.

Efficient transport from the mines in the north to its customers in Europe was crucial for LKAB’s success at the end of the 19th century. Two years before LKAB was founded the first ore train arrived in from Malmberget in Gällivare to the newly built ore harbour at Svartön in Luleå. Fourteen years later, in 1902, LKAB’s entire mining operation was linked via railways to its global markets via Luleå in the South and Narvik in the north.

A few years earlier in 1898, Hjalmar Lundbohm had been appointed General Manager at LKAB. He went on to become the company’s first Managing Director, the founder of the town of Kiruna and up until his retirement in 1920 he was a powerful driving force behind LKAB and the entire region’s development. LKAB work consciously from its very beginning to stay at the cutting edge of development to meet the needs of the steel industry. Europe’s first pelletizing plant was built in Malmberget back in 1954 to improve the processing level and add value for our customers.
Today LKAB is a high-tech mineral group with large-scale operations in a competitive global market. LKAB is a small producer counted in tons of iron ore delivered, but the company is one of the world’s leading process exponents and the world’s second largest producer of iron ore pellets. Other industrial minerals have been added to our product portfolio alongside the rich, high-grade iron ore from the north. This makes LKAB a reliable resource that is constantly being developed with an eye to the future.

History in brief:

1888

Ore railway reaches Malmberget from Luleå. An English company builds the first section of the ore railway in record time. The last nail is hammered into the final sleeper in Malmberget at 3 o’clock in the afternoon of March 3, 1888. It is the start of modern ore mining on an industrial scale in Lapland’s orefields.

1890

LKAB founded.

1899

Ore railway reaches Kiruna from the south.

1902

Ore railway between Kiruna and Narvik join up in Vassijaure November 2. The connection between Narvik, Kiruna, Gällivare and Luleå was the world’s most northerly railway. Shortly after the ore railways met the first load of ore left from Kiruna for Narvik.

1903

Trafikaktiebolaget Grängesberg-Oxelösund (TGO) acquires AB Gellivare Malmfält (AGM) and its subsidiary LKAB.

1907

The state purchases all of the preference shares in LKAB redemption rights to TGO’s shareholding. AB Gällivare Malmfält is wound up and today’s LKAB takes shape.

1957

The state takes over LKAB but TGO retains 4 per cent of the shares.

1976

The state redeems the remaining TGO share and LKAB becomes fully state-owned.