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LKAB Inaugurates Gruvberget Iron Ore Mine
06/02/2010 - Mining has commenced at Gruvberget in Svappavaara, Europe's largest iron ore project, after LKAB's president Lars-Eric Aaro and Kiruna's municipal commissioner Kenneth Stålnacke fired the first round to inaugurate LKAB's first new iron ore mine in 50 years.
Gruvberget in Svappavaara, Europe's largest iron ore project, is now open after LKAB's president Lars-Eric Aaro and Kiruna's municipal commissioner Kenneth Stålnacke fired the first round to inaugurate LKAB's first new iron ore mine in 50 years.
Mining has now officially commenced; the operation will be managed by LKAB subsidiary KGS.
LKAB plans to open three iron ore mines in the Svappavaara field over the coming years, with Gruvberget being the first. The other two are Leveäniemi and Mertainen. LKAB says that ore from the three mines will enable it to boost annual production of finished products to 37 million tonnes.
LKAB plans to open three iron ore mines in the Svappavaara field over the coming years, with Gruvberget being the first. The other two are Leveäniemi and Mertainen. LKAB says that ore from the three mines will enable it to boost annual production of finished products to 37 million tonnes.
LKAB is investing about 240 million swedish kronor in the project. The Gruvberget deposit holds an estimated 25 million tonnes of magnetite, which will now be mined in an open pit. Gruvberget also holds about 50 million tonnes of hematite ore, which will not be mined initially.
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