IOC wins the CIM/Syncrude Award for Excellence in Sustainable Development



    LABRADOR CITY, NL, SEPT-ILES, QC, and MONTREAL, May 12 /CNW Telbec/ - The
Iron Ore Company of Canada (IOC) has been selected as the recipient of the
CIM/Syncrude Award for Excellence in Sustainable Development for its C$110
million Tailings Management Project, also known as "From Tailings to
Biodiversity". Introduced in 2007, this award promotes the Canadian minerals
industry as an active seeker of sustainable solutions that engage and affect
the Canadian public.
    "We are very proud of our Tailings Management Project: A C$110 million
investment to better manage our tailings and restore the ecological and
recreational value of Wabush Lake. The project reflects a decade of work and
consultation involving IOC, government agencies, technical experts, and the
community. They came up with a design concept reflecting the sustainable
development aim of balancing economic, social, and environmental objectives.
IOC then worked closely with Bechtel through engineering and construction to
final commissioning of the project in mid 2008. Since then, the project has
worked flawlessly and achieved what we set out to do. I am honoured to accept
this prestigious Award for Excellence in Sustainable Development on behalf of
all those involved," said Terence Bowles, President and CEO - IOC.

    "From Tailings to Biodiversity"
    -------------------------------

    The Carol Lake Project in Labrador West has been operated by IOC since
1962. For years, the tailings stored in a natural lake (Wabush Lake) have
coloured the water red and produced fine sediment that covered the bottom of
the lake. The reclaimed tailings cover approximately 540 hectares and are non-
toxic and chemically inert. As such, it has been sculpted into ponds, hills,
valleys, and wetlands, and is suitable to support plants and wildlife in a new
diversified terrestrial habitat.
    Over the past decade, tailings management has been extensively reviewed
to ensure that our continued operation complied with current regulations and
also addressed local community concerns for the environment and the future of
the lake and mine site.
    Re-vegetation programs on the exposed tailings have been enhanced not
only to suppress dust lift-off, but also to provide a diverse natural
environment that is sustainable for future generations of birds, wildlife, and
eventually people, when the mine closes and this area is returned to the
community.
    The implementation of this project and its contribution to sustainable
development was recognized in 2005 when the North American Waterfowl
Management Plan awarded IOC with the Great Blue Heron National Award for
long-term contributions for the benefit of waterfowl and other migratory bird
populations.

    About IOC
    ---------

    IOC is the largest manufacturer of iron ore pellets in Canada and its
customer base covers North American, European, and Asian steel producers. The
Company operates a mine, concentrator and pelletizing plant in Labrador City,
Newfoundland and Labrador, as well as port facilities located in Sept-Iles,
Quebec. It also operates a 418 kilometre railroad that links the mine to the
port. IOC has approximately 2,200 employees and its major shareholder and
operator is the international mining group Rio Tinto, which has activities in
more than 40 countries throughout the world.




For further information:

For further information: Michel Filion, Director Communications &
External Relations, (514) 217-6253, www.ironore.ca

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