Press releases

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.

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.

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.

2022 was a profitable year for Kaunis Iron with new record levels in production, despite an uneasy global market.“We have succeeded with our ambitions and goals”, says Klas Dagertun, CEO of Kaunis Iron.

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

The Land and Environmental Court says no to the Environmental Protection Agency, and Kaunis Iron may continue its current operations.However the decision limits production increases within the framework of the existing permit.“This is an important decision for all Swedish industry, that a granted permit applies,” says Klas Dagertun, CEO of Kaunis Iron.

92 per cent are in favour of mining operations in Pajala.In the age group 18 to 34 no less than 98 per cent are in favour.“It feels very encouraging that continued mining operations in Pajala have such strong local support,” says Åsa Allan, deputy CEO of Kaunis Iron.