LKAB [SEP] industry
LKAB
Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a Swedish mining company. The company mines iron ore at Kiruna and at Malmberget in northern Sweden. The company was established in 1890, and has been 100% state-owned since the 1950s. The iron ore is processed to pellets and sinter fines, which are transported by Iore trains (Malmbanan) to the harbours at Narvik and Luleå and to the steelmill at Luleå (SSAB).
Their production is sold throughout much of the world, with the principal markets
, LKAB and SSAB transferred and held directly by the Ministry of Industry
In 1987, the company was partially privatized and the state participation reduced to 81%. The company shares were listed on October 15, 1987 on the Stockholm Stock Exchange. In 1990 Procordia was merged with the pharmaceutical company Pharmacia and the food company Provendor owned by Volvo. Consequently, the main owners became Volvo and the Swedish government. The government shares were held through the wholly owned national wealth fund Fortia and subsequently Stattum
In 1992, with the