Nordic Iron Ore is a mining company with the objective of resuming and developing iron ore mining in the Ludvika area. The company's vision is to run projects for the production of ultra-highly enriched iron ore concentrate for the production of fossil-free steel. On their own, or through collaborations, the company intends to make use of the phosphorus and rare earth metals found in the mineralization. Nordic Iron Ore was founded in 2008 and has its headquarters in Grängesberg.