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
Favourable decision for Kaunis Iron!
With just a few days to go to Christmas, Kaunis Iron receives a favourable decision. The Land and Environment Court announces that it intends to coordinate the request from Swedish Environmental Protection Agency to revoke the current permit for mining operations in Tapuli, Pajala Municipality, with the company’s application for a new permit.
New CEO Kaunis Iron
On 1 September 2019 Klas Dagertun takes up his appointment as CEO of Kaunis Iron AB. He also becames CEO of the parent group Kaunis Holding AB and the sister company Malmtransport Norr AB.
Application for a new operating permit submitted
Today at 15.00 our application for a new operating permit was submitted to the Land and Environment Court in Umeå.
Kaunis Iron is applying for a permit for the existing operations in Kaunisvaara, Pajala Municipality and to begin mining operations in the nearby deposits Sahavaara and Palotieva. At full capacity operations will be more than doubled. Kaunis Iron today produces approximately 2 mill