IOC operates four open pits, a concentrator and pellet plant at Labrador City, a 418-kilometre railway and a marine terminal at Sept-Îles. LIORC holds a 15.10% IOC equity interest alongside Rio Tinto and Mitsubishi Corporation, while separately receiving a 7% gross overriding royalty and a C$0.10-per-tonne commission on IOC products.
- Country
- Canada
- Commodity
- Fe
- Stage
- Production