September 06, 2008

Mr Ola appointed president and CEO for LKAB

It is reported that Mr Ola Johnsson VP of LKAB’s mining division has been appointed president & CEO of the LKAB Group effective March 1st 2008. He will succeed Mr Martin Ivert who will retire after six years as president of the company.

Mr Johnsson said that “I am very proud and pleased. It is a great honor and challenge to be president of LKAB, a great company that means a lot to the people who work in it, our customers and the communities in which we operate.”

He added that “Our common task will now be to give it everything we have got and maintain the positive trend of recent years, to develop and quality assures all facets of the operation, not least our common environment and our products.”

LKAB is an international high tech minerals group, one of the world’s leading producers of upgraded iron ore products for the steel industry and a growing supplier of industrial minerals products to other sectors. LKAB has subsidiaries and facilities for industrial minerals in Sweden, Finland, Greenland, the UK, Germany, the Netherlands, Greece, Turkey, Thailand, Hong Kong, China and the USA. LKAB’s chief assets are the magnetite ore of the Orefields of northern Sweden. Most of the iron ore products are sold to European steel mills.