Record profits for iron-ore miner LKAB
The Kiruna-based mining company doubled sales and posted an operating profit of 9,1 billion Swedish kroner (€898 million) in the second quarter compared with same period last year.
High prices are good for Europe’s largest iron-ore miner, the state-owned LKAB in northernmost Sweden. The company on Thursday said its net sales were up 98 percent, mainly due to high spot prices for the ore.
