LKAB to reopen mothballed mine for growing iron-ore product demand

Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.

LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said.
The primary goal of the mine’s reopening is to meet the increased demand for iron ore products in Europe and to build up a stock of iron ore for its pelletizing plants in Kiruna and Svappavaara, LKAB said.

"We...

Published

Julia Bolotova

February 16, 2021

17:24 GMT

Dnipro