UNDERGROUND

LKAB chooses IFS' EAM for zero-carbon mining

Swedish state-owned mining company LKAB has chosen software company IFS to provide an enterprise asset management (EAM) system that will help drive its plans to become a carbon-free iron ore producer by 2045.

The IFS cloud solution will be used by 4,000+ LKAB staff and partners

The IFS cloud solution will be used by 4,000+ LKAB staff and partners

LKAB said IFS' cloud-based EAM solution offers an open architecture for easy integration to support maintenance and logistics in mining operations, noted a joint statement from the companies. Financial details of the deal were not disclosed.

"IFS is an open solution that will connect to our technological backbone and support our current and future needs," said LKAB senior vice president, market and technology, Markus Petäjäniemi. "[We] need the very best technology to make sure our people and assets are working efficiently and safely."

The IFS solution will be used by some 4,000 LKAB employees working in Sweden, England and Norway, and will be a key plank of LKAB's plans to achieve carbon dioxide-free production by 2045, said the companies.

"We are honoured to have been chosen by LKAB to help usher in a new era of efficient mining," said Elni Kullmer, IFS managing director, Nordics. "We have been supporting EAM processes in asset-intensive industries since the 1980s and we are thrilled to be able to bring our experience to bear on this exciting project".

LKAB, which produces 80% of the iron ore in Europe, announced last November it plans to invest nearly US$47 billion by 2045 on an environmental transformation strategy.

The company plans to replace its iron ore pellets with sponge iron produced using green hydrogen as part of a strategy to achieve net-zero carbon emissions.

The move to IFS's EAM comes as LKAB is launching a new application platform as an part of its digitalisation journey, noted LKAB.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.