Press release -
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 Klas Dagertun, CEO, Kaunis Iron.
The year has been one of abrupt swings both in iron ore market prices and the cost of sea freight. But production in the mine has been stable and the future looks bright.
Klas Dagertun, CEO, Kaunis Iron:
“The price of iron ore has stabilised at levels somewhat higher than last autumn’s low, and demand for our product is strong. As industry after industry gets back on its feet of the pandemic, the situation looks bright for 2022.”
Net sales increased by 944 million kronor, from 1,957 million (2020) to 2,901 million (2021).
Profits increased by 499 million kronor from 483 million (2020) to 982 million (2021)
+83 thousand tonnes
Production of iron ore products increased from 2,084 thousand tonnes (2020) to 2,167 thousand tonnes(2021).
In Pajala, 10 miles north of the Arctic Circle and in the middle of beautiful Tornedalen, you will find Kaunis Iron.
We are a new and modern mining company that mines iron ore, which we then refine and sell to the world market. Our unique iron ore concentrate, with its quality and environmental advantages, is already in high demand among the world's steel mills.
The aim is an annual production corresponding to 2.1 million tonnes of finished product.