According to ABB, the renewed agreement will expire at the end of 2023.  
 
“Mining ore at great depths is a logistical challenge that places demands for a well-functioning infrastructure and safe and resource-efficient production, with well-developed production methods and processes vital. We have a long successful relationship with ABB and their local presence, global expertise and remote operations technology support our goals,” said LKAB senior maintenance engineer Peter Ylivainio.  
 
ABB said most of the mine’s ore sits more than 1 km underground, with large, solid deposits extending hundreds of meters further down. The company said its engineers have worked on-site to increase hoist capacity by reducing hoist cycle times. They also have improved equipment use, balancing capacity and wear and tear of the hoist equipment, ABB said.  
 
“This new agreement means ABB will ensure optimal capacity, greater efficiency, lower energy consumption and extended equipment life cycles across control systems, motors, drives as well as the hoists up to 2023 and beyond,” said ABB strategic account manager Erik Kjellgren.