LKAB increases mineral resources by half a billion tonnes
After having dramatically ramped up exploration activities in all three mining locations since 2018, LKAB can now present the result: an increase in mineral resources during 2020 by 45 percent, from 1.2 to 1.7 billion tonnes. "This should enable us to maintain production until at least 2060. Furthermore, the deposits are open at depth, meaning that their extent at depth is not known," says Pierre Heeroma, Senior Vice President Exploration.Over the past two years LKAB has invested some 700 million kronor in the search for new deposits and in ascertaining the extent of existing ones. Focus