MONTREAL and SEPT-ÎLES, QC and LABRADOR CITY and ST. JOHN'S, NL, Dec. 25
/CNW Telbec/ - The Iron Ore Company of Canada (IOC) is pleased to
announce that damage caused by last week's heavy rains to the QNS&L
railway line between Sept-Îles and Labrador City has now been repaired.
The railway service and associated activities will be gradually
IOC's operations in Labrador City will revert to normal production
levels as soon as possible. Ship loading activities in Sept-Îles are
continuing with available finished product.
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-Îles, Quebec. It also operates a
418-kilometre railroad that links the mine to the port. IOC has
approximately 2,200 employees. Its shareholders are Mitsubishi
Corporation (26.18%), Labrador Iron Ore Royalty Corporation (15.10%)
and the international mining group Rio Tinto, majority shareholder
(58.72%) and operator, which has activities in more than 40 countries
throughout the world.
SOURCE IRON ORE COMPANY OF CANADA
For further information: For further information:
Advisor, External Relations
Telephone: 1.418.968.7400 ext. 7792