IRON ORE EXPANSION – $60M to take IOC output over 18 million t/y

LABRADOR - The IRON ORE COMPANY OF CANADA (IOC), headquartered in Montreal, has earmarked $60 million to expand pro...
LABRADOR - The IRON ORE COMPANY OF CANADA (IOC), headquartered in Montreal, has earmarked $60 million to expand production capacity to 18.4 million t/y by mid-2008. The feasibility of a further increase to 21.0 million t/y will also be studied.

Throughput will be increased by eliminating operating bottlenecks and improving winter performance. IOC plans to buy new mine loading and haulage equipment, make upgrades to the automatic train system, and add additional spirals for the concentrator.

IOC is owned by RIO TINTO (58.72%), MITSUBISHI CORP. (26.18%) and LIORIF (15.10%).

The IOC sustainable development report is available at www.IronOre.ca.

Comments

Your email address will not be published.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

Apr 08 2024 - Apr 09 2024
Apr 15 2024 - Apr 16 2024
Apr 16 2024 - Apr 16 2024
Apr 17 2024 - Apr 18 2024