LKAB advances fossil-free iron ore project with new permit

Swedish mining company LKAB has received an environmental permit for the continued and expanded operation of its Malmberget mining complex, securing the long-term future of one of the country's largest iron ore operations.

The permit covers expanded mining and processing activities, as well as measures aimed at reducing environmental impacts on air and water. It also includes approval for a demonstration plant for fossil-free sponge iron production and a new apatite processing facility.

According to LKAB, the apatite plant will supply concentrate to the company's planned industrial park in Lulea, where phosphorus for mineral fertilizers and rare earth elements can be extracted.

The company said the permit is a key requirement for advancing its strategy to produce fossil-free sponge iron and expand into critical minerals, supporting Europe's efforts to secure raw material supplies and reduce carbon emissions from steel production.

LKAB added that mineral resources in the Malmberget area now exceed 2 bln tons, including high-grade iron ore suitable for direct reduction as well as significant deposits of phosphorus and rare earth elements.

LKAB is Sweden's largest iron ore producer and accounts for more than 80pct of the European Union's iron ore output.