Kaunis Iron is a Swedish mining company operating an iron ore mine in Kaunisvaara, Pajala municipality. The company was formed in 2017 after taking over operations from Northland Resources, which went bankrupt in 2014. Kaunis Iron resumed mining operations in 2018 and produces iron ore concentrate for the global market
Kaunis Iron mines magnetite ore in Tapuli, which is processed into iron ore concentrate in its own concentrator. The product is transported by truck to Pitkäjärvi and then by train to Narvik for export. Kaunis Iron is actively working to reduce its environmental impact by electrifying transportation and using modern technology in the production chain.
Kaunis Iron generates revenue through the sale of iron ore concentrates to steel producers in the global market. The business model is based on efficient production, focus on sustainability and long-term business relationships.
Since its inception, Kaunis Iron has expanded its operations and is working on plans to open two new open-pit mines to extend the life of its mining operations. Kaunis Iron is investing in technology, environmental adaptation and regional infrastructure to meet future production and supply needs.
Here's how it works:
Here's how it works:
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