QUEBEC — Montreal's Iron Ore Company of Canada (IOC) has decided not to proceed with reopening its pelletizing plant in Sept-Iles due to global economic weakness. The plant was commissioned in 1973 and idled in 1981. It was partly refurbished during 2000-01.
IOC says the dismantling and removal of the process equipment will begin shortly.
The company will continue to operate its mine, concentrator and pelletizing plant in Labrador City, NL, and its port facilities in Sept-Iles. (See also www.IronOre.ca)
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