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
Supplementary consultation on new environmental permit
Kaunis Iron AB is planning to apply for a completely new permit according to the Environmental Code for extraction from the iron ore deposits Tapuli, Palotieva and Sahavaara and for processing the ore therefrom in Kaunisvaara concentration plant in Pajala Municipality.
During spring 2019, Kaunis Iron began a detailed study of alternative designs for the tailings reservoir, which means that the
Kaunis Iron ❤ Pajala IF!
Kaunis Iron becomes main sponsor of the respected sports club Pajala IF.
– This agreement is incredibly important to Pajala IF’s activities, probably the biggest thing ever in an economic perspective, says Magnus Pekkari, chairman of the sports club.
With the help of this economic boost, measures and activities will be carried out to further strengthen team spirit and cohesion in the clu