News

We operate in an international market currently characterized by lower iron ore prices, higher freight costs, and a weakened US dollar compared with recent years. This impacts our profitability, while management is simultaneously working to create the best possible conditions for sustainable, long-term mining operations in Tornedalen.

Kaunis Holding AB today publishes its interim report for the second quarter of 2025. The quarter was marked by a persistently challenging global market environment, with continued pressure on iron ore prices, rising freight costs, and a weakened US dollar negatively impacting the business. Despite this, the company has continued to deliver according to plan, maintaining strong operational efficiency and sound cost control.

Following the ruling from the Land and Environment Court of Appeal, several appeals have been submitted by different parties. We are now awaiting a decision from the Supreme Court on whether leave to appeal will be granted. Our long-term goal remains unchanged – to conduct sustainable mining operations in the Tornedalen region.

Ahead of the upcoming court decision regarding Kaunis Iron’s environmental permit for current and future operations, the company is clarifying its direction. Regardless of the outcome, the goal remains to secure a permit that enables long-term mining operations in Tornedalen. With a solid foundation, long-term strategy, and significant mineral resources, the company aims to continue contributing to local development and meeting Europe’s growing demand for domestically produced iron ore.

Kaunis Holding AB today publishes its report for the first quarter of 2025, presenting a quarter still marked by global uncertainty and volatility in the iron ore market. Despite a challenging market environment, the cost-saving measures initiated last year have had a clear impact. Operational focus has led to significant improvements in both the cost base and cash flow, while deliveries reached high levels for the period.

Kaunis Iron is planning an adjustment of its operations in line with the expected decrease in waste rock production at the Tapuli mine starting in the second half of 2025. This follows the company’s mining and production plan and entails a transition to lower levels of waste rock production until the deposit is depleted. As a result, approximately 30 to 40 positions, primarily within the IF Metall workers' collective, will become redundant.

Kaunis Holding AB today publishes its report for the fourth quarter of 2024, presenting a quarter marked by a continued challenging market. Despite global uncertainties and a tough market environment, the company’s cost reduction and cash flow strengthening measures have started to yield results.

Last year's disruptions on the Malmbanan have presented significant challenges, but brighter days are now ahead. Nearly all the iron ore stored in Pitkäjärvi has been cleared, and we are back to normal stock levels. “It feels like we’ve reached the finish line and can now focus on moving forward,” says Johan Lindmark, Site Manager in Pitkäjärvi.

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.

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.