Kaunisvaara mine
The Kaunisvaara mine is a large iron mine located in northern Sweden in the village of Kaunisvaara in Norrbotten County. Kaunisvaara represents one of the largest iron ore reserves in Sweden and in the world having estimated reserves of 872 million tonnes of ore grading 32.7% iron metal.
History
Ore production began late 2012, with annual iron ore production planned to reaching 12 million tonnes later, according to the owner, mining company Northland Resources. Ressources are estimated at 176 million tonnes. The mine and mining company went bankrupt in October 2014 because of low iron ore prices and high debts.In 2017, the mine rights were sold to Kaunis Iron. The company restarted operation of the mine in 2018.