founded 1890 ; 126 years ago 1890 headquarters lule sweden area served worldwide key people marcus wallenberg chairman of the board lars eric aaro president ceo products iron ore fines pellets minerals revenue 31.122 billion sek 2011 operating income 14.705 billion sek 2011 profit 10.96 billion sek 2011 total assets 53.73 billion sek 2011 total equity 37.893 billion sek 2011 owner government of sweden 100 % number of employees 4 191 december 2011 parent government office of sweden divisions the market division the minerals division the mining division special business subsidiaries lkab berg & betong ab lkab fastigheter ab lkab kimit ab lkab malmtrafik ab lkab mekaniska ab minelco ab lkab wassara ab website lkab.com footnotes references 2011 year end report 1 luossavaara kiirunavaara aktiebolag lkab is a swedish mining company . the company mines iron ore at kiruna and at malmberget in northern sweden . the company was established in 1890 and has been 100 % state owned since the 1950s . the iron ore is processed to pellets and sinter fines which are transported by iore trains malmbanan to the harbours at narvik and lule and to the steelmill at lule ssab . their production is sold throughout much of the world with the principal markets being european steel mills as well as north africa the middle east and southeast asia . 2 lkab has around 4 000 employees of which more than 600 are outside of sweden . 3 there are iron ore mines processing plants and ore harbors in northern sweden and norway and sales offices in belgium germany and singapore . lkab has subsidiaries for industrial minerals with processing plants in sweden finland greenland the uk the netherlands greece turkey and china . additional subsidiaries are in germany the usa and hong kong as well as representative offices in slovakia and thailand . lkab s chief assets are among the magnetite orefields of northern sweden . its corporate headquarters are in lule and the main production sites are in kiruna and malmberget close to g llivare . the ore is partially processed on site and is transported by freight train on malmbanan to either narvik or lule depending on final destination . see also swedish iron ore during world war ii . timeline edit 1890 lkab is founded . 4 1891 ab gellivarare malmf lt founded . 1893 ab gellivare malmf lt bought lkab . 1899 ore line from the south reaches kiruna . 1957 the government takes over lkab to 96 % . traffic gr ngesberg oxel sund tgo retains 4 % . 1976 lkab becomes a government owned corporation . iron ore is extracted in kiruna svappavaara and malmberget outside of g llivare and brought by rail to the harbours of lule and narvik . references edit 2011 year end report pdf . lkab.com . lkab s year end report will be released tomorrow . lkab . retrieved 8 july 2012 . http lkab.se openform & id 36ce http www.lkab.com en about us overview external links edit wikimedia commons has media related to lkab . retrieved from https en.wikipedia.org w index.php title lkab & oldid 736307271 categories iron ore mining companiesmining companies of swedenkirunacompanies based in norrbotten countycompanies established in 18901890 establishments in swedenironworks in swedenhidden categories commons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages e tinadanskdeutschfran aismagyarnederlandsnorsk bokm lpolskisuomisvenska edit links this page was last modified on 26 august 2016 at 15 52 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view