LKAB Minerals, formerly Minelco AB, is a Swedish state-owned mining company and Europe’s largest iron ore producer headquartered in Luleå.[2][3][4] Established in 1989 under the name Minelco AB, the company was rebranded as LKAB Minerals in 2013.[5] It is a subsidiary of Luossavaara-Kiirunavaara Aktiebolag (LKAB),
 | |
| Company type | Private limited company |
|---|---|
| Industry | Manufacturing |
| Founded | 1989 |
| Headquarters | , Sweden |
Key people | David Högnelid - Vice President Minerals[1] |
| Products |
|
Number of employees | 330 |
| Parent | LKAB |
| Website | Official website |
History
editLKAB Minerals was established to diversify the market reach of its parent company's iron ore products,[6] the company has therefore grown through rebranding and acquisitions of mining companies.[7]
Establishment
editLKAB Minerals was originally founded as Minelco AB in 1989. The primary goal was to find and develop new markets for LKAB's iron ore products.[8] The company has diversified its product range and expanded its market reach globally.[9]
Rebranding
editIn 2013, Minelco AB was renamed LKAB Minerals which represented a closer integration with its parent company, LKAB. [10] LKAB Minerals has diversified its operations through a series of acquisitions,[11][7] which include companies specializing in industrial minerals and processing technologies.[12]
Operations
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LKAB Minerals operates deposits, processing facilities,[13] and offices in 12 countries, including locations across Europe, Asia, and the United States. As of 2024, the company employs over 330 people and it has been part of mineral discoveries, including Europe's largest known deposit of rare earth metals at Per Geijer.[6] This deposit also includes phosphorus, which is listed as a critical mineral by the European Union.[14]
See also
editReferences
edit- ^ "David Högnelid appointed Vice President Minerals at LKAB". News Powered by Cision. June 3, 2024.
- ^ "Surfex".
- ^ "Sweden discovers largest rare earth deposit in Europe". Al Jazeera English.
- ^ "Swedish mining company discovers Europe's largest rare earth element deposit". Yahoo! News Canada. January 13, 2023.
- ^ "Bloomberg - LKAB Minerals B.V." Bloomberg News.
- ^ a b "LKAB identifies Europe's largest deposit of rare earth metals in Lapland; Per Geijer - Green Car Congress".
- ^ a b "LKAB Minerals to acquire Francis Flower | Agg-Net". www.agg-net.com. October 10, 2018.
- ^ Laister, David (August 9, 2019). "Mineral processing giants combine to create £280m entity". Business Live.
- ^ "Invest in İzmir | LKAB Minerals".
- ^ "LKAB Minerals | Industrial Mineral Solutions for Our World". LKAB Minerals.
- ^ "M&As this week: LKAB Minerals, Genius Properties, Tianqi". October 11, 2018.
- ^ "LKAB Minerals". TribePost - Flat Fee Recruitment Specialist.
- ^ Moore, Paul (May 29, 2020). "LKAB ReeMAP project successfully produces apatite at pilot plant".
- ^ "Sweden's LKAB finds Europe's biggest deposit of rare earth metals | Reuters". Reuters.
External links
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