History in brief:
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.
Ore railway reaches Kiruna from the south.
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.
Trafikaktiebolaget Grängesberg-Oxelösund (TGO) acquires AB Gellivare Malmfält (AGM) and its subsidiary LKAB.
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.
The state takes over LKAB but TGO retains 4 per cent of the shares.
The state redeems the remaining TGO share and LKAB becomes fully state-owned.