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15 Feb
11:07

LKAB's 2021 earnings surge, expects high 2022 spending

LKAB’s expenditure will remain high in 2022 as urban transformation work intensifies. But Gällivare Municipality has still not approved the necessary zoning plan amendment for eastern Malmberget, which risks delaying future production, the Swedish miner says. LKAB’s iron ore deliveries in the fourth quarter of 2021 inched down 3% on-year to 6.8 million tonnes, with pellet accounting for 78% versus 83% a year earlier. Production was hit by extended…
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