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    A large mining dump truck drives on a snowy road during sunset.

    The latest from Kaunis Iron

    Here you can find the latest from Kaunis Iron!

    We hope you find what you are looking for. Here we gather our press releases, financial reports, news and press photos. Our goal is always to maintain a high level of service, so please feel free to reach out to us in order to get in touch with us and get answers to your questions regarding Kaunis Iron.

    FAQ

    Information about the challenging market situation

    The challenging market situation is the result of several factors, many of which are largely beyond our control but have a significant impact on our operations.

    Here, we have compiled some answers to the most common questions on the subject.

    Read our FAQ

    Latest news

    8 November 2024

    Concluded Main Hearing – One Step Closer to Long-Term Mining Operations in Tornedalen

    The main hearing this week in the Land and Environment Court of Appeal regarding Kaunis Iron's case for continued and expanded mining operations has concluded, with a ruling expected in 2025. – I hope that we will now reach a final decision, allowing us to take important steps toward long-term operations in Tornedalen, says Åsa Allan, Deputy CEO of Kaunis Iron.

    31 October 2024

    The New Bridge in Autio Enables Smoother Transport

    As one of the final pieces of the Kaunisvaara-Svappavaara Ore Transport Project (MaKS), construction of the new bridge over the Torne River in Autio is underway. The new bridge will facilitate transport between Kaunisvaara and the transshipment terminal in Pitkäjärvi and allow for two-way traffic.

    31 October 2024

    Interim Report Q3 2024 Responsibility Today – Opportunities for Tomorrow

    Kaunisvaara, 31 October 2024 – Kaunis Holding AB has released its Q3 2024 interim report, detailing steps to strengthen the company’s resilience in a challenging market environment. With a focus on long-term sustainability, the company is addressing current challenges while maintaining optimism about the future.

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    Latest press releases

    Press release1 October 2024 at 16:00 CET

    Kaunis Iron AB Proceeds with Organizational Changes to Secure Mining Operations in Tornedalen

    As previously announced, due to the challenging market conditions, Kaunis Iron AB has now completed the initial union negotiations and is proceeding with a thorough reorganization to streamline operations. Although these actions are difficult, they are necessary for the company to strengthen its business and secure a long-term future for mining in Tornedalen.

    Press release11 September 2024 at 10:00 CET

    Kaunis Iron Adapts Operations to Current Market Conditions

    Kaunis Iron is facing a challenging market environment, with falling iron ore prices, global uncertainty, and weak economic development in China, the dominant market for iron ore. To ensure long-term competitiveness, Kaunis Iron is now implementing further cost-saving measures and staff reductions. Negotiations with trade unions will begin shortly.

    Press release31 January 2024 at 09:00 CET

    Record deliveries for Kaunis Iron

    Kaunis Iron’s fifth year of business was yet another profitable year, with new record deliveries.The net profit for the year was SEK 690 million.“We can now start realising the vision of a mining industry that generates jobs and growth opportunities in the region for future generations”, says a satisfied Klas Dagertun, CEO of Kaunis Iron.

    All press releases

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    Press material

    Here you will find a selection of our high-resolution press images.

    Go to the media bank
    A loaded mining truck, Caterpillar 793F drives up the ramp in Kaunis Iron's mine.

    One of Kaunis Iron's mining trucks, in a beautiful winter landscape