Half yearly report

LKAB profits nearly halved due to continuous problems on Iron Ore Line

Image: Shutterstock. © Scandphoto

Sweden’s mining giant LKAB recorded a significant decline in its half yearly profits. The financial downturn is a result of persistent problems on the crucial Iron Ore Line, or Malmbanan in Swedish. The company relies on the railway to export its products.

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Author: Dennis van der Laan

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