State mining giant LKAB turns loss into profit

Net sales rose to 8.05 billion, from 7.58 billion. Delivery volume increased to 6.8 million tonnes, up from 6.2 million tonnes, while production volume retreated slightly to 6.7 million tonnes, down from 6.9 million tonnes.

The third quarter of last year was marked by increased costs for the social transformation in Kiruna, according to LKAB.

In August, LKAB received a government decision that opens the door for the purchase of land for continued social transformation in Kiruna. According to the company, new homes, businesses and community functions will be built.

When the areas are fully developed, the plan is for land ownership to pass to Kiruna municipality.