LKAB aims to create prosperity by being one of the most innovative, resource-efficient and responsible mining and minerals companies in the world.
On our way to sustainability
LKAB’s strategy paves the way for zero carbon dioxide emissions from our own processes and products by the year 2045 and secures the company’s operations beyond the year 2060. The strategy will mean a historic transformation through comprehensive changes of the company’s operations and a new position on the market.
LKAB is facing the biggest transformation in the company’s 130-year history, which could become the biggest industry investment ever in Sweden. Our strategy creates unique possibilities for us and Swedish industry to take the lead in a necessary conversion.
Our strategy consists of changes in three major areas:
- New world standard for mining. Through digitalisation, automation, electrification, new operation methods and carbon dioxide-free production we will set a new world standard for mining.
- Carbon dioxide-free sponge iron with hydrogen technology. Through the shift from iron ore pellets to carbon dioxide-free sponge iron we will take an important step forward in the value chain, increase the value of our products while giving our customers direct access to carbon dioxide-free iron for steel production.
- Extract critical minerals from mine waste. Using fossil-free technology we will extract strategically important minerals and phosphorus for mineral fertilizers from today’s mine waste.
read more on lkab.com