New record levels achieved in 2022
2022 was a profitable year for Kaunis Iron with new record levels in production, despite an uneasy global market. “We have succeeded with our ambitions and goals”, says Klas Dagertun, CEO of Kaunis Iron.
Withdrawal case closed
In September it was made known that the Land and Environment Court had rejected a request for leave to appeal in the case concerning our current environmental permit. The rejection was appealed, but it is now clear that the Supreme Court will not try the matter and the case is therefore closed.
It all began in 2018 when the Environmental Protection Agency applied for withdrawal of Kaunis Iron’s
Favourable judgment – mine’s future assured
On the 1st of December, the Land and Environment Court granted Kaunis Iron a new expanded environmental permit. The judgment enables Kaunis Iron to start two new open pits, Sahavaara and Palotieva. – This assures mining operations for the future and means that we can build in the long term, also for future generations, with prospecting for further new deposits, says Klas Dagertun, CEO of Kaunis
Kaunis Iron rocks 2021!
Despite a turbulent world market and a long drawn-out pandemic, Kaunis Iron can label 2021 as another fantastic record-breaking year. “Despite large and sudden swings in market prices which are totally beyond our control, through luck and skill we have managed to successfully stay on course despite the challenges we have faced and we can state with confidence that 2021 is our best year yet,” says
Verdict today: Kaunis Iron may continue operations
The Land and Environmental Court says no to the Environmental Protection Agency, and Kaunis Iron may continue its current operations. However the decision limits production increases within the framework of the existing permit. “This is an important decision for all Swedish industry, that a granted permit applies,” says Klas Dagertun, CEO of Kaunis Iron.
Strong local support for continued mining operations!
92 per cent are in favour of mining operations in Pajala. In the age group 18 to 34 no less than 98 per cent are in favour. “It feels very encouraging that continued mining operations in Pajala have such strong local support,” says Åsa Allan, deputy CEO of Kaunis Iron.
Resounding 2020 for Kaunis Iron
Despite the pandemic, Kaunis Iron can summarise 2020 as a record-breaking year. Record production and record income. – The iron ore industry is among the few growth industries, largely because of higher iron ore prices, driven by continued strong demand in China, says Klas Dagertun, CEO of Kaunis Iron.
All-electric heavy truck challenges the Arctic climate
Can electrically powered heavy trucks function in 44 °C below zero in northern Sweden? Kaunis Iron is now collaborating with Vattenfall, Volvo Trucks, ABB and Wist Last & Buss in a unique pilot project to develop a sustainable logistics system for the future.
Vattenfall and Kaunis Iron in a new partnership concerning electrified fossil-free mining operations
Vattenfall AB and Kaunis Iron AB have signed a letter of intent to develop fossil-free and electrified mining operations at the iron ore mine in Pajala.
1,200 MSEK (115 MEUR) investment in Kaunisvaara-Svappavaara roads
The Swedish Transport Administration and Kaunis Iron AB have signed an agreement under which Kaunis Iron will contribute 127 MSEK to reinforcement and rerouting of the road stretch between Kaunisvaara and Svappavaara.
Impressive year-end closing for Kaunis Iron’s first operating year
Net sales for 2019 amounted to 1,619 mSEK, with income after financial items at 389 mSEK. Cash flow from current business amounted to no less than 491 mSEK
Key performance indicators:
Net margin 24 % Total debt to equity ratio 63 % working capital ratio 273 % Liquidity index 253 % Return on invested capital 58 % Equity capital 822 mSEK
CEO and group CEO of Kaunis Iron, Klas Da
Åsa Allan becomes Deputy CEO of Kaunis Iron
Åsa Allan has been appointed Deputy CEO of Kaunis Iron. In her new role, she will have a clear responsibility for the company’s strategic matters in the fields of sustainability, prospecting and communication.
– I am happy to be part of the next step in the company’s development at a more strategic level, and to be able to work with issues I am passionate about. I am looking forward to being ab