Latest News


15 May 2013 - Bearbetningskoncession beviljad för Grängesbergsgruvan
Grängesberg Iron AB har erhållit Bergsstatens tillstånd för brytning av järnmalmsfyndigheten i Grängesberg. Beslutet om bearbetningskoncession är en viktig milstolpe i ett av Sveriges största industriprojekt, att åter öppna den anrika Grängesbergsgruvan i Bergslagen.

– Myndighetens koncessionsbeslut är efterlängtat och innebär ett stort steg mot återstarten av Grängesbergsgruvan, säger Gösta Bergman, styrelseordförande i Grängesberg Iron AB. Gruvan i Grängesberg var fram till stängningen 1989 landets tredje största järnmalmsgruva. Återstarten blir ett av de största industriprojekten i landet och innebär ett betydande och långsiktigt tillskott till Sveriges näringsliv.

Bearbetningskoncessionen för Grängesbergsgruvan är ett tillstånd för brytning av främst järnmalm i 25 år. Om gruvbrytning då fortfarande pågår förlängs tillståndet automatiskt med tio år i sänder. Den mycket stora homogena malmen i Grängesbergsgruvan är av så kallad Kirunatyp och har en mycket hög järnhalt samt är utomordentligt väl lämpad för en kostnadseffektiv produktion av attraktiva järnmalmsprodukter, främst pellets.


15 May 2013 - Mining concession granted for the Grängesberg iron ore mine
The Swedish Mining Inspectorate has granted Grängesberg Iron AB a mining concession for the iron ore mine in Grängesberg, in the mineral-rich Bergslagen district of central Sweden. The granted mining concession is an important milestone on the road towards re-opening the historic Grängesberg iron ore mine.

“The decision by the Chief Mine Inspector of Sweden is a big step towards re-opening one of Sweden’s largest iron ore mines”, says Gösta Bergman, Chairman of the Board of Grängesberg Iron AB. “Until the closure in 1989, the Grängesberg mine was the third largest iron ore mine in Sweden, next only to the Kiruna and Malmberget mines in the north of Sweden. The re-opening will grow to become one of the main industrial projects in Scandinavia.”

According to the Swedish Minerals Act, an exploitation (mining) concession is granted by the Chief Mine Inspector of Sweden, if a mineral deposit has been discovered that can most likely be mined economically, and the deposit is located in an area that is suitable for mining activities.  An exploitation concession is valid for 25 years, and is then automatically renewed every ten years if mining is on-going. The application for the exploitation concession contains a preliminary environmental impact assessment.

Read more in the press release


30 Oct 2012 - Grängesberg Iron stärker ledningen
Gruvföretaget Grängesberg Iron AB stärker nu ledningsgruppen med tung erfarenhet inom områdena ekonomi och geologi. Ingemar Eliasson utnämns till finansdirektör och Rob Hellingwerf till chefsgeolog.

Ingemar Eliasson tillträder som finansdirektör för Grängesberg Iron. Han har en lång erfarenhet från ledande positioner inom stålindustrin, främst som finansdirektör för SKF Steel AB, Ovako Steel AB samt Inexagruppen.

Dr. Rob Hellingwerf tillträder som chefsgeolog för Grängesberg Iron. Han är professor i ekonomisk geologi på Göteborgs universitet och Certifierad Europageolog. Dr. Hellingwerf är även verksam på Bergsskolan i Filipstad och har tidigare haft uppdrag åt bland annat Nämnden för Statens Gruvegendom (NSG), Raw Materials Group och Swedish Geological International.

– Dessa båda personer tillför viktig erfarenhet och kunskap som är väldigt värdefull för Grängesberg Iron, säger Petter Eriksson, verkställande direktör i Grängesberg Iron AB. Inför den kommande byggnadsfasen av Grängesbergsgruvan med stora investeringar och ytterligare detaljerade malmberäkningar är dessa rekryteringar till stor nytta.


02 Oct 2012 - Samarbete mellan Grängesberg Iron och Atlas Copco
Gruvbolaget Grängesberg Iron AB och Atlas Copco Mining and Rock Excavation Technique Sweden har undertecknat en avsiktsförklaring om samarbete kring gruvmaskiner och tekniklösningar för den framtida återstartade gruvdriften i Grängesbergsgruvan. Stora delar av samarbetet berör Atlas Copco GIA i Grängesberg. Järnmalmsgruvan i Grängesberg kommer enligt planerna att startas på nytt år 2016, med en produktion om 2,5 miljoner ton järnmalmsprodukter per år.

– Vi ser fram emot att bidra till utvecklingen av gruvdriften i den anrika Grängesbergsgruvan, säger Bo-Göran Johansson, VD för Atlas Copco Mining and Rock Excavation Technique Sweden. Inte minst för Atlas Copco GIA som sedan länge finns i Grängesberg kan det här bli ett viktigt uppdrag med mycket stor potential.
– Att samarbeta med Atlas Copco som har världsledande kompetens inom gruvbrytning under jord, är mycket värdefullt för Grängesbergsgruvan, säger Petter Eriksson, VD för Grängesberg Iron AB. Att Atlas Copco GIA dessutom ligger granne med gruvan innebär dessutom möjligheter till ett tätt och nära samarbete, vilket är ovärderligt i den uppbyggnadsfas som gruvan står inför nu.

Läs mer i pressmeddelandet


03 May 2012 - Petter Eriksson appointed CEO
The Board of Directors of Grängesberg Iron AB is pleased to announce the appointment of Mr. Petter Eriksson to the position as Chief Executive Officer of the company. Mr. Eriksson has a background in the Swedish steel industry, most recently within stainless steel company Outokumpu. Grängesberg Iron is in the early stages of re-opening the iron ore mine in Grängesberg, central Sweden.

"Petter Eriksson’s long background within the steel business, with management of large scale projects and leadership of industrial operations, is of considerable value to the company in its current expansive phase”, stated Chairman of the Board, Mr. Gösta Bergman.


27 Apr 2012 - Ny VD för Grängesberg Iron
Petter Eriksson har anställts av gruvföretaget Grängesberg Iron som verkställande direktör. Han kommer närmast från en lång karriär hos stålkoncernen Outokumpu och tillträder tjänsten den 2 maj. Grängesberg Iron arbetar med att starta gruvdriften i järnmalmsgruvan i Grängesberg på nytt.

Petter Eriksson är bergsingenjör med mångårig bakgrund i stålbranschen och har tidigare innehaft flera ledande positioner inom Outokumpu i Eskilstuna, Långshyttan och Avesta. Han är 46 år och bosatt i Falun. – Petter Erikssons gedigna erfarenhet från stålbranschen, där bland annat ledning av flera stora projekt och styrning av omfattande industriverksamhet ingår, är mycket värdefull för bolaget i det expansiva läge som vi befinner oss i nu, säger Gösta Bergman, styrelseordförande i Grängesberg Iron AB. Han kommer att vara baserad i Grängesberg för att leda verksamheten vidare mot öppnandet av gruvan.


11 Apr 2012 - Grängesberg Iron receives positive PFS on Grängesberg iron ore project
Swedish mining company Grängesberg Iron AB is pleased to announce the positive outcome of the Pre-Feasibility Study (PFS) on its iron ore mine project in Grängesberg, Bergslagen area in central Sweden. The study proves the project to be robust and clearly economically feasible. The Life of Mine, based on the current mineral reserve as defined in the PFS, is 16 years. The first production is planned for Q4 2015.

On behalf of Grängesberg Iron AB, the Pre-Feasibility Study has been performed by the independent global engineering firm URS Corporation (which in 2010 acquired engineering consultancy Scott Wilson), with contributions by other consultant companies and suppliers. The study describes all aspects of the future mining operations, from ore geology and mineral reserves, through mining, hoisting and beneficiation, to transportation and market analysis for the final iron ore products. The PFS has been performed according to the NI 43-101 regulations, with an accuracy of + / - 25% and represents a sound base for the further development of the project towards production.

Read more in the press release


03 Apr 2012 - Grängesbergsgruvan ansöker om bearbetningskoncession
Grängesberg Iron AB lämnade den 2 april in en ansökan om bearbetningskoncession för Grängesbergsgruvan söder om Ludvika hos tillsynsmyndigheten Bergsstaten. Den totala indikerade mineraltillgången beräknas till ca 115 miljoner ton med en genomsnittlig järnhalt på ca 40 % vid brytning. Därutöver beräknas mineraltillgångar i klassen "antagna" till ca 33 miljoner ton med en genomsnittlig järnhalt vid brytning på ca 45 %. Beräkningarna är framtagna i enlighet med den strikta kanadensiska standarden NI 43-101, som överensstämmer med riktlinjerna hos den svenska branschorganisationen SveMin.

Gruvans livslängd är utifrån nuvarande beräknade malmreserver minst 16 år. Produktionsstart är beräknad till slutet på 2015. En beviljad bearbetningskoncession för Grängesbergsgruvan innebär ett tillstånd att bryta fyndigheten under 25 år, varefter tillståndet vid behov automatiskt förlängs i 10-årsperioder. Parallellt med ansökningsprocessen planeras, utöver förberedelser för ansökan om miljötillstånd, för rekrytering av nyckelkompetens samt ytterligare planering och förberedelser för gruvdriften.


31 Mar 2012 - Grängesberg Iron remissvar Kapacitetsutredningen
Grängesberg Iron:s remissvar till kapacitetsutredningen finns här:

Grängesberg Iron remissvar Kapacitetsutredningen


30 Mar 2012 - Mycket god lönsamhet för gruvan i Grängesberg
Förutsättningarna är utmärkta för att med en mycket god lönsamhet åter starta gruvdriften i Grängesberg. Detta är den viktigaste slutsatsen i en nyligen färdigställd förstudie, en så kallad Pre-Feasibility-Study, som är gruvbolaget Grängesberg Iron AB låtit ta fram. Tidsplanen för öppningen av gruvan innebär en första produktion i slutet av 2015 och den nu definierade malmreserven räcker för brytning fram till 2031, med goda utsikter för gruvdrift längre än så.

På uppdrag av Grängesberg Iron AB har URS, ett oberoende globalt teknikkonsultföretag, tagit fram en omfattande förstudie, delvis baserad på insatser av ett flertal andra konsultföretag och leverantörer. Studien belyser alla aspekter av den framtida gruvdriften, från malmgeologi och malmreserver, via brytning, uppfordring och anrikning, till transporter och försäljning av de färdiga malmprodukterna. Studien har en noggrannhet på +/- 25 % och utgör ett mycket gott tekniskt och ekonomiskt underlag för att driva projektet vidare mot start av gruvan.


04 Nov 2011 - Agr with the Swedish Transport Admin
Mining company Grängesberg Iron AB and the Swedish Transport Administration have signed a co-operation agreement on investigations regarding future ore train traffic between the iron ore mine in Grängesberg and the Port of Oxelösund. “With the co-operation agreement, the framework is now set for analysing the possibilities of transporting the ore products from the mine to the port”, says Kenth Nilsson of the Swedish Transport Administration. The results are to be presented during the first quarter of 2012, with a further aim of establishing an implementation agreement.

“Rail transport is a very important part of an iron ore project, due to the large tonnage to be transported”, says Gösta Bergman, Chairman of the Board of Grängesberg Iron AB. Oxelösund has the most suitable Swedish port for this project and the co-operation agreement is an significant step towards transporting a yearly 2.5 million tonnes of iron ore products to that port.


09 Jun 2011 - Sale of iron ore permits
Grängesberg Iron AB and Scandinavian Resources Ltd has signed an agreement regarding the transfer of nine iron exploration permits in northern Sweden from Grängesberg Iron AB to Kiruna Iron AB, a subsidiary to Australian mining company Scandinavian Resources Ltd. Among the permits are the high potential exploration targets of Ekströmsberg, Tjårrojokka and Pattok.

The agreement comprises for Grängesberg Iron AB to receive a cash component of USD 2 million payment, a Net Smelter Return (NSR) component of 1% and issue of 8.2 million fully paid ordinary shares in Scandinavian Resources Ltd. “The sale of the permits provides excellent possibilities for Grängesberg Iron to focus on reopening the historic Grängesberg iron ore mine in the south-central of Sweden”, says Gösta Bergman, Chairman of the Board of Directors of Grängesberg Iron. “The agreement also further improves the conditions for completing an IPO during 2011”.


07 Jun 2011 - Matti Sundberg joins the Board
Grängesberg Iron AB welcomes Mining Counsellor Matti Sundberg as a Director of the Board. Matti Sundberg was in March elected as a Director of the Board in Grängesberg Iron AB. Among his other board assignments are Director of the Board of Boliden, SSAB Svenskt Stål (Swedish Steel), Skanska, and Chairman of the Board of Chempolis Oy. Among his earlier assignments are Regional Director of Scania AB, CEO and Board Member of Valmet, Metso and Ovako Steel.

Matti Sundberg takes the chair previously held by Pekka Perä, who leaves the Board and enters an Advisory Board, newly created by Grängesberg Iron and shortly to be fully announced. “The strength and experience of the Board of Directors and the Advisory Board of Grängesberg Iron is of great importance for the company, which currently is working on finishing the Pre-Feasibility Study for the re-opening of the Grängesberg mine”, says Gösta Bergman, Chairman of the Board of Directors of Grängesberg Iron AB.


25 Nov 2010 - Letter of Intent with K2 Shipping
Grängesberg Iron AB and shipping service and logistics provider K2 Shipping Ltd have signed a Letter of Intent. The agreement is aimed at the mutual goal of developing an efficient and competitive ocean logistic solution for iron ore products from the Grängesberg iron ore mine, scheduled for re-opening in 2014. The current target production volume is a yearly minimum of 2.5 million tons of iron ore pellets.

The Letter of Intent opens the opportunity for Grängesberg Iron to get access to the valuable competence within the logistic area that K2 Shipping can offer. Strong logistic solutions are important for a successful iron ore project, and the Letter of Intent with K2 Shipping Ltd further adds to the possibilities of creating optimal logistics for the Grängesberg iron ore mine project. The recently communicated agreement with the Port of Oxelösund, together with the Letter of Intent with K2 Shipping, provides Grängesberg Iron with a strong potential to provide customers with effective transports of iron ore products.


06 Oct 2010 - Letter of Intent with the Port of Oxelösund
Grängesberg Iron AB and the Port of Oxelösund (Oxelösunds Hamn AB) have signed a Letter of Intent on future transports and loading of iron ore from the Grängesberg mine through the Oxelösund port. ”The Letter of Intent between our company and the port is an important step towards a future co-operation and displays the tremendous logistic advantages of the Grängesberg project”, says Gösta Bergman, Chairman of the Board of Grängesberg Iron AB. One of the important strengths of the project is the high capacity railway from the mine all the 250 kilometers down to the Port of Oxelösund.

“We are proud to say that our unique infrastructure, which connects sea and railway transports, is the reason for why Grängesberg Iron has made the choice to initiate a co-operation with the Port of Oxelösund”, says Erik Zetterlund, Managing Director of Oxelösunds Hamn AB. The iron ore products will be transported by train to Oxelösund for unloading and storage until shipping. The Port of Oxelösund has shown a strong development the last years and has made major investments to increase effectivity and for environmental benefits. Since 2006, the company has invested the equivalent of 30 million USD in the port and four new cranes have been taken in service.


24 Aug 2010 - USD 3,5 million financing through a subordinated loan
Grängesberg Iron AB has retained First Securities AS to advice on and effect a private placement with gross proceeds amounting to USD 3,5 million directed towards an institutional investor. The placement was completed through a subordinated loan with the right to receive repayment for the full or partial amount in shares through a set-off new issue. The subscription price in the Set-off Issue shall be equal to the price per share set in a future IPO and/or private placement, less an agreed rebate.

Proceeds of the Loan will be employed for the future development of the Grängesberg iron ore mine, incl. of PFS part of feasibility study, preliminary EIA, application for mining concession, recruitment of key management and for preparations for listing on the Oslo Stock Exchange (Axess). Andreas Simoncic, CEO of Grängesberg Iron AB commented: “We are very pleased with the placement, which improves the company’s financial standing and allows us to accelerate the development of the project aiming to start commercial iron ore production from the Grängesberg mine by 2014.”


23 Aug 2010 - First Securities engaged for upcoming IPO
Grängesberg Iron AB has engaged First Securities AS in Norway to evaluate financing and a possible IPO on Oslo Axess and later on Oslo Børs (Oslo Stock Exchange). Oslo Axess is a regulated stock exchange, as Oslo Børs, although with a focus toward companies in a pre-commercial phase.

The interest for commodity share has been increasing lately, due to rising raw materials prices and several international mining companies have been listed, or are currently in the process of being listed, on Oslo Børs.

A listing in Oslo will give Grängesberg Iron better access to Norwegian and international investors with a commodity focus. A broad investor base and good share liquidity are important prerequisites for a secure financing of the project to re-open the Grängesberg iron ore mine.


07 Jun 2010 - Pattok - new iron ore license
Grängesberg Iron has been granted the exploration license for the Pattok deposit in the north of Sweden, situated 39 km southwest of Kiruna. The license covers an area of 72 000 m2 and contains an estimated 68 million tons of iron ore down to a depth of 250 meters, with an average grade of 45.1% and 1.99% P.

The mineralization was discovered in 1960 by SGU, The Geological Survey of Sweden, by airborne magnetic measurement and has been surveyed with 23 diamond drill holes, totalling 5164.27 meters.


13 Nov 2009 - Pekka Perä joins the Board
The Board of Grängesberg Iron AB welcomes Mr. Pekka Perä as a new member of the Board of Directors. "The addition of Mr. Perä brings further strength and important experience from the mining industry to the Board of Directors of Grängesberg Iron", said the Chairman of the Board, Mr. Gösta Bergman.

Pekka Perä is the Chief Executive Officer of Talvivaara Mining Company Plc. He is the founder of that company and a member of the Board of Directors. The Talvivaara mine in northern Finland is one the largest nickel deposits in Europe. Earlier Mr. Perä has worked as the Project Manager of Mining at Arctic Platinum Partnership and as a Project Manager at Pyhäsalmi Mine Oy. He has also held various positions within the Outokumpu Group.


22 Oct 2009 - Full feasibility based on considerable resources
Grängesberg Iron AB is now taking the project of re-opening the dormant Grängesberg iron ore mine to the next phase. "The promising resources stated in the independent report by Behre Dolbear International makes starting a full feasibility study an easy decision", says Gösta Bergman, Chairman of the Board.

As reported earlier, the Measured and Indicated mineral resources at Grängesberg amount to 82.8 million tons, NI43-101 compliant, together with further Inferred resources of 37.5 million tons of mainly magnetite at an average Fe grade of 57 %. The procurement for the feasibility study has now started.



17 Sep 2009 - Pekka Erkkilä joins the Board
Grängesberg Iron AB welcomes Pekka Erkkilä as a new member of the Board of Directors. "Mr. Erkkilä brings great added strength and important experience from the steel and mining industry to the Board of Directors of Grängesberg Iron", said the Chairman of the Board, Mr. Gösta Bergman.

Pekka Erkkilä, today Executive Vice President - General Stainless of Outokumpu Oyj, has been a Member of the Executive Committee of Outokumpu Oyj since 2003 and employed by that company since 1983. He is a Member of the Board of the International Stainless Steel Forum, a Board Member of the University of Oulu and also serves as Member of the Board of Jernkontoret - the Swedish Steel Producers' Association.


20 Jul 2009 - Resources NI43-101 classified
The main mineral resources of Grängesberg Iron AB are now compliant with the National Instrument 43-101 standard. In a recent report by the independent company Behre-Dolbear, the iron ore resources at Grängesberg, Measured and Indicated, amount to 82.8 Mt, with additional Inferred resources of 37.5 Mt. Average Fe grades are 57%. A scoping study for turning the closed Grängesberg mine into production is imminent.

The Behre-Dolbear report further identifies a potential of 70 Mt at 57% average Fe grade between 1000 and 1280 m depth. Grängesberg Iron AB also has two deposits close to Kiruna, in the north of Sweden, Ekströmsberg and Tjårrojåkka, with Measured resources of 30.4 Mt and Inferred of 94.2 Mt, at Fe average grade of 51-52%. These deposits are advanced stage exploration projects, needing development with further measurements and drilling.


16 Jun 2009 - Peltovaara - new deposit
Grängesberg Iron has acquired a new iron ore deposit, Peltovaara, 10 km SW of Gällivare. The exploration permit was transferred earlier this spring, from Roslagen Resources AB, the current owners of Grängesberg Iron.

The Peltovaara iron ore deposit was explored by the Swedish company Stora Kopparberg in the early '60s and, although of fairly low grades (25-30%), it has an interesting potential with an area of the orebody of some 25 000 m2, amenable to open pit mining, and an oretype well suited for easy and cheap concentration processes.


24 Mar 2009 - Name change - Grängesberg Iron
Grängesberg Iron AB is the new name for the company formerly named Grängesberg Iron Ore Company AB. The name change is an important step in the company's branding strategy towards a clear and easily discernable corporate identity. The name change is implemented during March 2009.


25 Jan 2009 - 100% owned subsidiary
Grängesberg Iron AB is now a subsidiary to Roslagen Resources AB, which owns 100% of the company. The previous joint venture between Grängesberg Iron Ore Plc and Roslagen Resources ended earlier this year, due to market aspects affecting the former company.

The work towards developing the historic Grängesberg mine, which closed in 1990, and the high grade iron ore deposits of Ekströmsberg and Tjårrojåkka close to Kiruna, into modern profitable mines with a yearly production of 2,5 million tonnes of high-class iron ore pellets each, continues.