LKAB continues to invest in Narvik. The billion-krona harbour refurbishment will create a new transport system that includes ore handling, storage and shiploading facilities.
The investment complements earlier upgrades made in Narvik. The result will be a more flexible, robust ore harbour facility with higher overall capacity.
"This investment is in line with our growth programme and it will secure capacity to handle a planned production increase of about 35 percent," says Markus Petäjäniemi, Senior Vice President, Mining & Logistics, LKAB.
The investment comprises several components. A new quay and shiploader will enable loading of two vessels simultaneously, and a new station for screening pellets will also be built.
"We have to minimize the risk of production stoppages and disruptions. Shipping capacity will increase from a current 20 million tonnes to nearly 30 million tonnes per year," says Markus Petäjäniemi.
The second component is a new sampling station, and a third will include new office buildings and a new control centre.
"At its most recent meeting, LKAB's board voted to proceed with the next phase of the investment. This secures our future delivery capacity and it means that we will be able to move forward with the company's overall production increases," adds Markus Petäjäniemi.
Ore was first shipped from Narvik in 1903, when the railway from Kiruna to Narvik was completed. The harbour, which is ice-free all year round, is LKAB's most important link to the global iron ore market.