Mr. Per-Erik Lindvall, LKAB - Euromines

PART 1: POLISH AND SWEDISH CO-OPERATION IN MINING 2007-2012
A SWEDISH AND POLISH CONTRIBUTION TO THE EU RAW MATERIALS INITIATIVE.
EUROMINES, BRUSSELS SEPT 5, 2012
Per-Erik Lindvall, Senior Vice President Technology & Business Development, LKAB
President of Bergforsk - Swedish Mining Research Foundation

LKAB - +120 YEARS OF SUSTAINED COMPETITIVENESS BY
COMMITMENT, FRESH THINKING AND ACTING RESPONSIBLY
CONTRIBUTES TO COMPETIVENESS OF STEEL INDUSTRY BY DELIVERING
FUNCTIONAL, CUSTOMISED IRON ORE PRODUCTS
FOR RESOURCE-EFFICIENT PERFORMANCE IN IRON-MAKING.
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STRATEGIC ALLIANCE SWEDEN - POLAND
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JOINT PROJECTS
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CONCEPTUAL STUDY 2009-2010
SMART MINE OF THE FUTURE I

FEASIBILITY STUDY 2011-2012
SMART MINE OF THE FUTURE II
Smart Mine of the Future

VISION SMIFU
KEY SMIFU TARGETS
30-30-30 BY 2030
The mining industry is an important
supplier of efficient and sustainable
solutions to meet the needs of modern
society for metals and minerals. Safe, Lean
and Green technology and an innovative
organisation attract talented young men
and women to meet the grand challenges
and opportunities of future mineral supply.

INNOVATIVE TECHNOLOGIES AND CONCEPTS FOR
THE INTELLIGENT DEEP MINE OF THE FUTURE
• Consortium of 26 organisations from 10
European countries.
• LKAB is the coordinator
• Budget €25 million where of €16 million
EU grant

PART 2: LKAB CONTRIBUTION TO THE RAW MATERIALS INITIATIVE -
REDUCING EUROPEAN IMPORT DEPENDENCY OF RAW MATERIALS
A SWEDISH AND POLISH CONTRIBUTION TO THE EU RAW MATERIALS INITIATIVE.
EUROMINES, BRUSSELS SEPT 5, 2012
Per-Erik Lindvall, Senior Vice President Technology & Business Development, LKAB

LKAB in brief
• #3 in the world as iron ore pellet producer and #1 in Europe
• 90 percent of iron ore production in the EU27
• 2011 - 26 Mton of products, net sales for € 3.4 billion
• One of the largest Swedish industrial investors (€ 2.5 billion over the
last 5 years) to grow production, increase performance in iron-making a
and further limit environmental foot-print
• About 4,000 employees in 15 countries
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Narvik
Harbour
Kiruna
Underground mining
and processing
Malmbanan
Railway Narvik -
Luleå
Malmberget
Underground
mining and
processing
Svappavaara
Open pit mining
and processing
Luleå
Harbour and
Head Office
IRON ORE OPERATIONS

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Steel production will continue to grow
(End Of Life Recycling Rate already 70-90% 1 )
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Recycling rates of metals. UNEP 2011

Mertainen
Start planned in 2015
Gruvberget
In operation May 2010 -
June 2012. Plans to restart
operations before 2015
E10 highway towards Kiruna
Power network
Pelletising
Leveäniemi
Start planned in 2015
Malmbanan
railroad
THE SVAPPAVAARA FIELD
- EUROPE’S BIGGEST IRON ORE PROJECT

WE PLAN FOR 35 % GROWTH UNTIL 2015

EUROPEAN GROWTH OF PRODUCTION THE BEST
GLOBAL GREEN SOLUTION
Lowest CO 2 emissions for iron ore pelletising
50% CO2 reductions and energy efficiency improvements
in the European steel industry 1975 - 2005
Germany/Europe most most resource-efficient resource-efficient plants steel in plannts the world
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HIGH TECH PROCESS INDUSTRY
High technology mining
Clean technology for
pelletising plants
Effective and
environmentally friendly
logistics
World-leading
R&D in pelletising and
ironmaking

A PART OF THE EUROPEAN PROCESS INDUSTRY
Steel industry (mainly in Europé)
Train/Harbours
Pelletising
Miineral processing
Mining
Exploration
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OUR LKAB EXPERIMENTAL BLAST FURNACE
CONTRIBUTES TO SOLUTIONS FOR OUR
CUSTOMERS
ULCOS – Ultra Low CO 2 Steelmaking
European FP Project to reduce
CO 2 by 50% in iron-making
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APATITE AND RARE EARTH ELEMENT PRODUCTION
FROM OUR ”APATITE IRON ORE”
Apatite production from our iron
mines (tailings and running
production) 800 ktonnes per year
that can be used as feed for
fertiliser production
4000 tonnes per year in REE
Feasibility study under way
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HOW DO WE CONTRIBUTE TO EUROPEAN
POLICIES AND OBJECTIVES (I)
• Raw Materials Initiative
– Decreasing European import dependency of iron ore by expanding our
operations in the Arctic region from 26 Mton to 37 Mton of products 2015 and
continued growth thereafter.
– Decreasing European import of apatite and (heavy) REE by re-processing
our tailings . Feasibility study under way. We strive for 800 ktonnes/a of
apatite and 4,000 tonnes of REE/a from 2016.
• FP7/Horizon 2020
– Supporting the ETP Sustainability Mineral Resources since its launch 2005.
– Co-ordinator for the NMP study I 2 Mine starting 2012 (Budget €25M)
– Founding member of the SPIRE PPP - consortium
– Prepared to participate in the EIP Raw Materials
– Fully supporting the KIC Raw Materials
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HOW DO WE CONTRIBUTE TO EUROPEAN
POLICIES AND OBJECTIVES (II)
• Resource efficiency
– LKAB energy and climate strategies 2012-2020 with a view towards
2050 and aligned with EU targets
– Participating in the ETS II/III and eligible for state-aid as being energyintensive,
with high risk of carbon leakage
– Presently preparing LKAB long-term sustainability strategy
• TransEuropeanNetwork-Train
– Our main transport routes are defined as part of the European core
grid.
– We strive for single track railways to double railways Kiruna – Narvik to
grow production and decrease European import dependency, grow the
region with new and expanding SMEs.
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LKAB - +120 YEARS OF SUSTAINED COMPETITIVENESS BY
COMMITMENT, FRESH THINKING AND ACTING RESPONSIBLY
CONTRIBUTES TO COMPETIVENESS OF STEEL INDUSTRY BY DELIVERING
FUNCTIONAL, CUSTOMISED IRON ORE PRODUCTS
FOR RESOURCE-EFFICIENT PERFORMANCE IN IRON-MAKING.
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