IRON ORE: Co-operation pact inked for New Millennium DSO

QUEBEC – Tata Steel Minerals Canada, a joint venture of Calgary's New Millennium Iron Corp. (20%) and India's Tata Steel (80%), has signed a co-operation agreement with the NunatuKavut Community Council (NCC) for the DSO iron project near...

QUEBEC – Tata Steel Minerals Canada, a joint venture of Calgary's New Millennium Iron Corp. (20%) and India's Tata Steel (80%), has signed a co-operation agreement with the NunatuKavut Community Council (NCC) for the DSO iron project near Schefferville.

The NCC is the aboriginal organization representing the 6,000-member Southern Inuit of Labrador who have asserted land rights to a large part of Labrador. The new agreement addresses their concerns and provides socio-economic benefits.

The DSO project is a brownfield site where the Iron Ore Company of Canada had a mine from 1954 to 1982. The $300-million project is already shipping ore to the port of Sept-Iles thanks to a mobile crushing plant at the mine site. Meanwhile, work continues on the activities to construct permanent surface facilities.

News from every step of development is posted at NMLiron.com.

Comments

Your email address will not be published. Required fields are marked *

Mar 27 2024 - Mar 28 2024
Apr 08 2024 - Apr 09 2024
Apr 15 2024 - Apr 16 2024
Apr 16 2024 - Apr 16 2024