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.
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.
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