Nordisk Bergteknik Wins SEK 60 Million Rock Engineering Contract for LKAB’s Malmberget Expansion

The latest announcement is out from Nordisk Bergteknik AB Class B ( ($SE:NORB.B) ).

Nordisk Bergteknik has secured a SEK 60 million contract through main contractor NCC to provide comprehensive rock handling services for the construction of a new sorting plant in Malmberget, in Sweden’s Gällivare municipality. The assignment covers drilling, blasting, and rock reinforcement and stabilization for about 400,000 cubic metres of rock to prepare roads, levelled areas and building sites, and will be executed in close collaboration between two of the group’s specialized subsidiaries. The sorting plant forms part of LKAB’s roughly SEK 6 billion investment to expand production capacity and meet stricter environmental, technological and workplace requirements, with the new facility designed to process an additional 7–8 million tonnes of crude ore over a 24,000-square-metre footprint. The deal underscores Nordisk Bergteknik’s positioning in technically demanding rock engineering for ongoing mining operations in the Nordic region and highlights the strategic importance of its expertise and sustainable working methods in securing complex, large-scale mining-related contracts.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK15.00 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

More about Nordisk Bergteknik AB Class B

Nordisk Bergteknik is a Nordic specialist contractor focused on rock handling and foundation solutions, providing services such as drilling, blasting, rock reinforcement and stabilization for infrastructure and mining projects. With a clear growth strategy tied to enabling sustainable societal development, the group’s subsidiaries work early in project lifecycles to adapt technical solutions to local geological and environmental conditions across the region.

Average Trading Volume: 74,468

Technical Sentiment Signal: Buy

Current Market Cap: SEK778.4M

See more insights into NORB.B stock on TipRanks’ Stock Analysis page.