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IRONORE-SWEDEN/
RTR4WI1M
April 08, 2015
A sign announcing the closure of the railway station of Kiruna, a Swedish Arctic town, is pictured as...
Kiruna, Sweden
Sign announcing the closure of the railway station of Kiruna is pictured in Kiruna
A sign announcing the closure of the railway station of Kiruna, a Swedish Arctic town, is pictured as the station is closed due to ground deformations caused by the nearby underground iron ore mine, in Kiruna March 30, 2015. Undaunted by falling commodity prices, a Swedish company will start dismantling and moving the historic Arctic town of Kiruna this month to make way for the expansion of Europe's biggest iron ore mine. The northernmost town in Sweden, famed for its ice hotel and a red wooden church that was voted the country's most beautiful building, is inhibiting the expansion of state-owned LKAB's mine, once the backbone of Scandinavia's industrialisation. Moving the town just three kilometres away at an estimated cost of over $2 billion comes despite an iron ore price that has slumped by around two thirds in the past two years. Picture taken March 30, 2015. REUTERS/Balazs Koranyi
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