LKAB Investing in the Future
LKAB plans for a rate of investment over the next few years at around 5 billion SEK annually. It is the same rate as LKAB sustainably invested in since 2005.
Then the investment was dominated by the increase in capacity of LKAB's ore processing and pellet manufacturing and logistics. No less than 12 billion SEK invested in the new pelletizing plants in Malmberget and Kiruna 2005 - 2008.
Further billions have been invested in more efficient logistics with new locomotives and wagons, on the ore line and in LKAB's iron ore port of Narvik. In addition, the new railway passing at LKAB in Kiruna is inaugurated in 2012.
Inauguration is planned in Malmberget in 2012 of the new main level M1250 which is the equivalent level below ground. The new main level extends the mine life by 15 years. The total investment of 4 billion SEK.
In Kiruna the new main level KUJ1365 is built on a similar level and underground. The investment is estimated at 12,4 billion SEK and is LKAB's historically largest investment. It surpasses the previous record from 2008.
2008 the new LKAB pelletizing plant KA3 - KK4 was built for 8.5 billion SEK.
Investments in the 2000s to date has increased LKAB's capacity from 19.5 million tonnes of iron ore products in 2001 to the present 28 million tonnes per year.
LKAB is now taking the next step in development by investing in three new mines in Svappavaara. It increases LKAB's capacity to 37 million tonnes of iron ore products per year through projects LKAB 37 by 2015.