Annual and Sustainability Report 2023

We are leading the transformation of our industry toward a sustainable future. At LKAB we can look back on another strong year, with net sales of nearly SEK 43 billion and operating profit of around SEK 16 billion. This is a summary of LKAB’s Annual and Sustainability Report for 2023. The full report can be downloaded at the bottom of the page.

80%

LKAB mines around 80 percent of all iron ore in the EU.

Sales of SEK 43 billion in 2023.

7.6

Proposed dividend of SEK 7.6 billion for the owner, the Swedish state.

“The journey we have ahead of us will not be easy, but we are in a good position to develop and extend the life of the business.”

Jan Moström, President and CEO

Read comments by the President and CEO

Nearly four times higher mineral resources

The intensive exploration work carried out in recent years has meant that the mineral resources at our mines in Svappavaara, Gällivare and Kiruna are nearly four times higher than in 2019.

LKAB invests close to SEK 1 billion to meet the challenges on the Iron Ore Line

For LKAB the Iron Ore Line is an integral part of the production system that starts in the mine, goes via the railway and ports and ends with steel and mineral customers.

Nature conservation efforts for increased biodiversity

In the Kuosajänkkä area just outside Svappavaara a long-term initiative is under way to enhance biodiversity and compensate for the impact of mining activities.

Europe’s leading mining and minerals group

From the ports of Narvik and Luleå our products are shipped to steel producers around the world.

Download and read later

This website is a summary of LKAB’s Annual and Sustainability Report for 2023, which can be downloaded in full via the link below.