- Business
- Nordic Iron Ore AB (publ) is dedicated to the exploration, advancement, and extraction of iron ore reserves within the Västerbergslagen area of Sweden. The company's primary focus involves producing an ultra-high-grade iron ore concentrate, which is particularly suited for the burgeoning fossil-free steel industry. Beyond its core iron ore activities, the company actively investigates the potential for recovering critical raw materials such as phosphorus and rare earth elements as valuable by-products from its mineralizations. Significant operational assets include exploitation concessions for Blötberget, Håksberg, and the Väsman field, alongside exploration permits like Ludvikafältet No. 1 and Blötberget No. 4, all situated in the Ludvika region. Recent strategic developments include securing an offtake agreement with Cargill Metals for 25 million tonnes of concentrate from Blötberget, accompanied by conditional funding commitments. The company also received conditional government support for railway infrastructure connections to the state network in late 2025, facilitating future logistics. An expanded exploration program, aiming to substantially increase mineral resources, has revealed promising new discoveries at depth within the Blötberget deposit. Nordic Iron Ore AB was established in 2008 and relocated its headquarters to Ludvika, Sweden, in June 2025.