LKAB is a world-leading manufacturer of iron ore pellets.

Our high quality, value adding products deliver unsurpassed

customer benefit, thanks to "Performance in Ironmaking”.

Growth, side by side with

the customer

Per-Erik Lindvall

Senior Vice President Technology and Business Development

• 120 years 2010

• 4000 employees

• 13% women

• 30 companies

• Operations in 15 countries

• 650 employees outside Sweden

• Sales 2010 YTD Q3:

• SEK 20,5 billion (MAUSD 3 100)

• EBIT YTD Q3:

• SEK 11,1 billion (MAUSD 1 700)

• Forecasted production 2010: 26 Mt

The LKAB Group in brief

Iron ore operations

ARCTIC CIRCLE

NORWAYSWEDEN

FINLAND

RUSSIA

Luleå

Malmberget

SvappavaaraKiruna

Narvik

LKAB stands for:

• 90 % of the iron ore production within EU

• 3 % of the global iron ore export

• 40 % of the pellets market within EU

Technological leadership within pelletizing

World Wide

LKAB

Others

• Pelletizing for more than 50 years

• EBF (Experimental Blast Furnace)

– Product development and process optimization

together with the customer

• EPP (Experimental Pelletizing Plant)

World Class R&D

Climate-smart, thanks to magnetite

• Magnetite oxidizes to hematite in the

pelletizing process - 60 percent of the

energy needed for pellet production comes

from oxidation

• The input of fossil fuels is one third of that

required in the production of hematite pellets

Our competitive edge!

LKAB Green Pellets

When LKAB Green Pellets are used in the

customer’s blast furnace, carbon dioxide

emissions are one-seventh of what they are in

the alternative process route, sintering at the

steel mills.

• Substantial cost reductions.

– The idea is to, as much as possible, scale up our

operation.

• Mining method; large scale sublevel caving

• Drill holes; diameter and length

(Wassara Drilling Technology)

• Maximize size and capacity of all under ground

production equipment

– Try to reduce the manpower needed as much as

possible.

• Go for remote controlled operations

How do you survive as an

underground iron ore producer?

Development of sub level caving

1.200 tonnes of

ore per blast

10.000 tonnes

of ore per blast

Remote Controlled Technology

72/02

Base

station

ATM

Operator

Server (production, traffic

control, control)

Control station

Laser scanner

Navigation

Mobile terminal

Communication

Video system

Remote Controlled TechnologyLoading

• The world needs iron ore

• Growth together with our customers

Wealth is built of steel

World production of iron ore 1904-2008 (estimate 2009 – 2015)

Investments

2001 2006 2010 >2012

19.5 Mt 23.3 Mt 28 Mt ? Mt

Malmberget Kiruna Logistics SILA - Narvik New main levels New mines

Iron ore products produced

NORWAY

Luleå

Malmberget

SvappavaaraKiruna

Narvik

ARCTIC CIRCLE

• Organic growth close to our

existing operations

The next step

Gruvberget25 Mt magnetite

50 Mt hematite

Mertainen150 Mt partially

magnetite

Leveäniemi100 Mt magnetite

Urban transformation

LKAB’s expansion in the ore fields entails a

successive expansion of deformation zones, which

is a result of mining.

LKAB’s dialogue with stakeholders is based on the

Minerals Act and LKAB’s responsibility for replacing

existing functions.

Thank you!