Responsibility and sustainable development is at the core of Nordic Iron Ore’s vision, where they concretely apply the principles of economic, social, and environmental sustainability. In terms of economic sustainability, the company focuses on using modern and efficient mining methods to minimize energy consumption and thus contribute to responsible resource management. A state-of-the-art mine that is not only technologically advanced but also powered by electricity and other fossil-free solutions to the greatest extent possible.
The iron ore concentrate will be of the highest grade , with an average iron content of close to 69 percent. This makes the concentrate ideal for the green steelmaking, where iron grades and environmental friendliness are top priorities.
Social sustainability is not just a goal but an active effort to create a positive impact on society. Nordic Iron Ore wants to ensure that their mining operations not only generate employment but also contribute to long-term stable and dynamic community development, particularly in the local area around Ludvika.
“We strive to make the entire journey from mine to finished product green to lead the industry toward true sustainability. At Nordic Iron Ore, we are not only working to reduce carbon emissions but also to create a sustainable and transparent production process. Every step must be green for a truly sustainable future in our industry.” – Ronne Hamerslag, CEO of Nordic Iron Ore.
The focus on energy efficiency and minimizing environmental impact is central to Nordic Iron Ore’s mining strategy. By setting ambitious goals and implementing modern methods, Nordic Iron Ore aims to reduce its carbon footprint and change how the mining industry views sustainability. The geographical location of the mine also plays an important role, with proximity to necessary power and train infrastructure, and short transport distances to European steel mills that are leading the transition to green steel. This not only streamlines production but also minimizes environmental impact by reducing transport distances.
Nordic Iron Ore is committed to making its mining operations more sustainable and responsible toward the local environment. Their product, the ultrahigh-grade iron ore concentrate, will help make the steel industry genuinely green. The steel industry accounts for approximately 8% of global carbon emissions, so by helping to reduce these emissions, Nordic Iron Ore contributes to combating climate change. This is one of the most significant challenges of our time!
“The mine and transportation to the steel mill must be fossil-free to produce fossil-free steel, which is at the heart of the expression ‘It starts in the mine.‘” – Ronne Hamerslag, CEO of Nordic Iron Ore.
