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Iron Ore Company of Canada

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IOC. LM&E received grants of leases and licences from the dominion under the Statutory Agreement. It also received a grant of surface rights to establish the town site that became Labrador City. LM&E in turn sublet the leasehold to the IOC and IOC built the infrastructure, the mine, the railway and the port. The LM&E has taken various forms over the years and since 2010 exists as the
1403: 1511: 1328:, in a 2:1 ratio. The company has mineral reserves of 1.1 billion tonnes and resources of 1.7 billion tonnes. The average grade at mine exit is approximately 38% iron. The company brings to market several products including acid pellets, fluxed pellets, and direct reduction pellets, as well as iron ore concentrate. 1669:, advancing block by block based on the condition of the block of track ahead. The motive power is SW1200 MG single units, each having a single phase AC motor driving the standard EMD traction generator and traction motors. A horn blows every few seconds as a constant warning that the trains are unmanned. 27: 1358:
IOC wholly owns and operates a marine terminal in Sept-Îles. It receives and stockpiles iron ore pellets and concentrate from Labrador City via the QNSL railway. The capacity of the stockpile yard is 20.6 million tonnes per year; at any one time 4.5 million tonnes of iron ore products can be stored.
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corporations dominated the shareholdings, alongside junior partner LIORC. Rio Tinto is the majority shareholder in the venture, with 58.7% of the joint stock as of October 2013. Mitsubishi controlled 26.2% of the investment as of March 2013. As of March 2023 the consortium remained unchanged. LIORC
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The IOC's predecessor existed from its birth on the Newfoundland statute book of 1938 as Labrador Mining and Exploration Limited (LM&E), which company was granted extensive exploration and mining rights on the mainland. LM&E discovered the iron ore that now constitutes the mine operated by
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The crushed ore iron content is increased in Labrador City from 38% to a two-thirds ratio by a grinding process. A sequence of four wet mills feeds into a gravity spiral plant to increase the grade. The concentrate production capacity is approximately 23.3 million tonnes per year.
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The shiploading capacity is 20.9 million tonnes per year. Two mobile shiploaders transfer the iron ore product onto the docked freighters. The Sept-Îles terminal operates year-round and can handle ships with a capacity of between 25,000 and 255,000 tonnes.
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of customers. The concentrate is first ground in ball mills and is then formed into balls of diameter 9.5mm to 12.5mm that are dried and then fired in the furnace. The plant has a nominal capacity to produce 12.5 million tonnes per year.
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corporations. Rio Tinto is the majority shareholder in the venture, with 58.7% of the joint stock as of October 2013. Mitsubishi controlled 26.2% of the investment as of March 2013.
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In August 2018 there were rumours afloat that Rio wanted to list its shares of IOC on the Toronto Stock Exchange; this came shortly after a two-month strike at the Labrador mine.
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where it has a furnace and port facilities. The mining operations have a nominal capacity of 55 million tonnes per year. The railway (along with the
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to haul raw ore from the mine to a processing plant. The short electrified railway is the last remaining electrified cargo railway in Canada.
2609: 2318: 1560: 1425:. In December 2000 they wanted to buy more of the company. The bid failed in April 2001 when only 20% of the LIORIF shares were tendered. 1845: 1631: 1422: 2248: 1578: 1290: 1812: 1442:
In June 2010 the Labrador Iron Ore Royalty Income Fund was transformed into the LIORC in a transaction valued at $ 248 million.
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In August 2007 $ 60 million was invested to increase production at Labrador City, from 17MT to 18.4MT in mid-2008. At the time
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lines) form an isolated railroad network, as it does not interchange with any other rail lines on the North American network.
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In June 2013 Rio tried to sell its part because it had too much debt. It valued the share at somewhere in excess of $ 3.5bn.
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Rio Tinto PLC acquired the IOC in August 2000, as part of their successful hostile takeover of Australian company
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IOC is amongst the five top producers of seaborne iron ore pellets in the world. The iron ore deposits occur as
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The pellet plant converts the concentrate output from the mills into pellets that can be used directly in the
1982:"Quebec Innu win latest court battle in $ 900 million lawsuit against Rio Tinto's Iron Ore Company of Canada" 1550: 1306: 522: 1922: 2525: 2418: 1945:"LABRADOR IRON ORE ROYALTY CORPORATION (TSX:LIF) - RIO TINTO RELEASES IOC PRODUCTION AND SALES INFORMATION" 229: 169:. The company was founded in 1949 from a partnership of Canadian and American firms, the largest being the 2550: 2545: 2033: 2382: 2283: 1859: 1555: 81: 1958: 1905: 2231: 2195: 1944: 1528: 2191: 1666: 1518: 2377: 2355: 2288: 2253: 1611: 1415: 2565: 2599: 2555: 2268: 1652: 1429: 2540: 2530: 2406: 2362: 2328: 1538: 1533: 2160: 2483: 2367: 2313: 1310: 1159: 56: 1391:
The IOC was founded in 1949 by a partnership of Canadian and American firms, most notably
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FP: "Rio Tinto to complete Iron Ore Company of Canada expansion by mid-2014" 15 Oct 2013
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As of March 2023 the operations consisted a mine in Labrador, a processing plant in
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announced that it was investing US$ 235 million in an expansion program at the IOC.
2303: 2011:"Digging deep in 20 Questions with new Iron Ore Company of Canada boss Mike McCann" 1888:"LABRADOR IRON ORE ROYALTY INCOME FUND ANNOUNCES FILING OF ARTICLES OF ARRANGEMENT" 1729: 1606: 67: 2143: 1453: 1392: 1282: 178: 158: 116: 2510: 2423: 2387: 2308: 2084: 1468:. The court continued the $ 900 million suit that IOC had attempted to thwart. 1411: 1346: 2588: 2350: 1995: 1481: 1436: 1372: 1286: 195: 1656: 2061:"The Iron Ore Company of Canada through the Years - Compagnie minière IOC" 1703:
G+M: "Dented by aluminum, Rio Tinto aims to unload Iron Ore Co" 1 Mar 2013
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Brian Mulroney in 1983 just after resigning from the presidency of IOC
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In August 2021 Mike McCann was appointed President of the company.
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Cain's legacy : the building of Iron Ore Company of Canada
1923:"Canada > Canada Operations > Iron Ore Company of Canada" 1488:, and a 418 kilometre railway that joins these two last parts. 1302: 1294: 1278: 2458: 1996:"Mike McCann Appointed as New President of Iron Ore Company" 1848:. The Globe and Mail Inc. BLOOMBERG NEWS. 15 December 2000. 1465: 257: 1458: 1371:
In addition to the Japanese, IOC supplies companies like
1947:. CNW Group Ltd. Cision Communications. 16 January 2023. 1484:, a combined furnace stockpile and port installation in 137: 2244:
Automated Guideway Transit System project (Philippines)
1832:"IOC mum on report that Rio Tinto may spin off company" 1984:. Financial Post, a division of Postmedia Network Inc. 1893:. LABRADOR IRON ORE ROYALTY INCOME FUND. 30 June 2010. 1510: 2620:
Non-renewable resource companies established in 1949
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In 2016 the IOC lost a court case against a band of
173:. It is now owned by a consortium that includes the 1410:From 1977 to 1983 the president of the company was 2586: 2140:. Sept-Îles, Quebec, Iron Ore Company of Canada. 1813:"IOC ramps up investment in Labrador operations" 1457:represents Canadian interests and trades on the 1432:was in the driver's seat at Rio Tinto Iron Ore. 1293:to ship ore concentrate from the mines, such as 309: 188: 2156:Video showcasing IOC's GMD SW1200MG locomotives 1471:In 2017 the IOC had revenues of $ 1.9 billion. 2489:Unbuilt Rosemont personal rapid transit system 2176: 1979: 1904:Range, Jackie; Davies, Anjuli (3 June 2013). 1874:"Rio Tinto invests US$ 235 million in Canada" 1667:cargo trains are unmanned and fully automated 1632: 203: 2319:UP Diliman Automated Guideway Transit System 1496: 1903: 2615:Canadian subsidiaries of foreign companies 2183: 2169: 1774:"Tag Archives: Iron Ore Company of Canada" 1639: 1625: 210: 196: 2249:Bicutan Automated Guideway Transit System 2034:"IOC GMD SW1200MG Technical Leaflet (Fr)" 2109:"Our Operations - Compagnie minière IOC" 1980:van der Linde, Damon (26 October 2016). 1917: 1915: 1491: 1401: 2630:Automated track-bound freight transport 1826: 1824: 1822: 1807: 1805: 1752:"Labrador Iron Ore Royalty Income Fund" 1732:. Labrador Iron Ore Royalty Corporation 1724: 1722: 1720: 1718: 1716: 1714: 1712: 1710: 1651:As of 2019, IOC's Carol Lake mine near 1291:Quebec North Shore and Labrador Railway 1142: 1134: 2587: 2008: 1880: 1698: 1696: 1684: 1682: 1340: 1124: 1116: 2164: 2135: 1998:. Stingray Group Inc. 18 August 2021. 1988: 1973: 1959:"IOC / Iron ore and iron ore pellets" 1951: 1937: 1912: 1897: 1866: 1815:. The Northern Miner. 27 August 2007. 1386:Labrador Iron Ore Royalty Corporation 498: 490: 2610:Rio Tinto (corporation) subsidiaries 2341:List of airport people mover systems 2002: 1852: 1846:"Rio Tinto chases greater IOC stake" 1838: 1819: 1802: 1744: 1707: 1561:Automated transit networks suppliers 1788: 1766: 1693: 1679: 1353: 13: 2439:Computer-controlled Vehicle System 2217:Hamersley & Robe River railway 2129: 1331: 165:) is a Canadian-based producer of 25: 14: 2641: 2454:Morgantown Personal Rapid Transit 2149: 2009:Careen, Evan (19 December 2021). 1876:. THE NORTHERN MINER. 7 May 2010. 1860:"Rio Tinto loses Labrador battle" 567: 2085:"Videos - Compagnie minière IOC" 1570:Lists of automated train systems 1509: 1375:and several German steel works. 1219: 1196: 1173: 1141: 1133: 1123: 1115: 1106: 1081: 1074: 1051: 1028: 1005: 982: 959: 936: 913: 890: 867: 844: 821: 798: 775: 752: 729: 706: 683: 660: 637: 614: 591: 566: 543: 536: 505: 497: 489: 480: 456: 455: 432: 409: 378: 371: 340: 333: 295: 275: 100: 99: 2429:Aramis (personal rapid transit) 2212:List of automated train systems 2101: 2077: 2053: 2026: 2023:to pelletize and reduce the ore 2017: 1414:, who later served as the 18th 1285:and concentrator operations in 1107: 2294:Mass Rapid Transit (Singapore) 1798:. Yahoo Finance. 8 March 2023. 1082: 506: 379: 372: 341: 334: 1: 2625:1949 establishments in Quebec 1672: 1504:Automated track-bound traffic 1220: 1075: 481: 276: 184: 2526:High Speed Surface Transport 2419:Advanced Transit Association 1862:. news24.com. 23 April 2001. 1366: 544: 537: 7: 2605:Companies based in Montreal 2383:PeopleMover (Magic Kingdom) 2284:Harbour Island People Mover 1556:History of train automation 1197: 1174: 1052: 1029: 1006: 983: 960: 937: 914: 891: 868: 845: 822: 799: 776: 753: 730: 707: 684: 661: 638: 615: 592: 433: 410: 296: 10: 2646: 2595:Mining companies of Canada 2393:Véhicule Automatique Léger 2222:Iron Ore Company of Canada 1655:utilizes a small fleet of 1529:Automated guideway transit 1378: 151:Iron Ore Company of Canada 20:Iron Ore Company of Canada 2501: 2405: 2327: 2230: 2202: 1519:Automatic train operation 1497:Autonomous railway system 1247: 1236: 1231: 1213: 1208: 1190: 1185: 1167: 1154: 1100: 1093: 1068: 1063: 1045: 1040: 1022: 1017: 999: 994: 976: 971: 953: 948: 930: 925: 907: 902: 884: 879: 861: 856: 838: 833: 815: 810: 792: 787: 769: 764: 746: 741: 723: 718: 700: 695: 677: 672: 654: 649: 631: 626: 608: 603: 585: 578: 560: 555: 530: 517: 474: 467: 449: 444: 426: 421: 403: 390: 365: 352: 327: 307: 289: 284: 269: 265: 249: 240:Northernland Subdivisions 132: 122: 108: 95: 87: 74: 63: 51: 43: 35: 24: 2378:PeopleMover (Disneyland) 2356:Metro-Airport Connection 2289:Krauss-Maffei Transurban 2254:Bombardier Innovia Metro 1612:Unmanned surface vehicle 1416:Prime Minister of Canada 2556:Skyrail Midorizaka Line 2551:São Paulo Metro Line 17 2546:São Paulo Metro Line 15 2269:Docklands Light Railway 2136:Geren, Richard (1990). 1653:Labrador City, Labrador 16:Canadian mining company 2541:Palm Jumeirah Monorail 2531:Incheon Airport Maglev 2363:Barcelona Metro line 9 2196:fixed-guideway transit 1776:. International Mining 1539:Personal rapid transit 1534:Automated people mover 1407: 162: 153:(often abbreviated to 30: 2566:Transport System Bögl 2484:Ultra (rapid transit) 2368:Cabletren Bolivariano 1961:. Ecora Resources PLC 1834:. CBC. 9 August 2018. 1492:Technical development 1405: 163:Compagnie Minière IOC 29: 2314:SkyTrain (Vancouver) 1660:electric locomotives 1281:, IOC currently has 221:and Labrador Railway 57:Wilmington, Delaware 2351:Birmingham Air-Rail 2013:. SaltWire Network. 1754:. AnnualReports.com 1418:from 1984 to 1993. 1341:Pelletizing process 1289:, and operates the 124:Number of employees 21: 2464:Schmid Peoplemover 1408: 1397:M.A. Hanna Company 580:Ross Bay Jct South 556:Ross Bay Jct Yard 219:Quebec North Shore 171:M.A. Hanna Company 31: 19: 2582: 2581: 2578: 2577: 2574: 2573: 2497: 2496: 2474:SK (people mover) 2401: 2400: 1649: 1648: 1486:Sept-Iles, Quebec 1322:specular hematite 1297:, to the port of 1271: 1270: 1267: 1266: 469:Ross Bay Jct West 322: 321: 148: 147: 2637: 2499: 2498: 2403: 2402: 2325: 2324: 2304:Nuremberg U-Bahn 2228: 2227: 2192:Automated trains 2185: 2178: 2171: 2162: 2161: 2142:(Worldcat link: 2141: 2123: 2122: 2120: 2119: 2105: 2099: 2098: 2096: 2095: 2081: 2075: 2074: 2072: 2071: 2057: 2051: 2050: 2048: 2047: 2038: 2030: 2024: 2021: 2015: 2014: 2006: 2000: 1999: 1992: 1986: 1985: 1977: 1971: 1970: 1968: 1966: 1955: 1949: 1948: 1941: 1935: 1934: 1932: 1930: 1919: 1910: 1909: 1901: 1895: 1894: 1892: 1884: 1878: 1877: 1870: 1864: 1863: 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1287:Labrador City 1284: 1280: 1276: 1263: 1261: 1259: 1257: 1255: 1253: 1251: 1250: 1242: 1240: 1238: 1235: 1232:Ore unloader 1226: 1217: 1215: 1212: 1203: 1194: 1192: 1189: 1180: 1171: 1169: 1166: 1162: 1161: 1149: 1104: 1102: 1099: 1088: 1072: 1070: 1067: 1058: 1049: 1047: 1044: 1035: 1026: 1024: 1021: 1012: 1003: 1001: 998: 989: 980: 978: 975: 966: 957: 955: 952: 943: 934: 932: 929: 920: 911: 909: 906: 897: 888: 886: 883: 874: 865: 863: 860: 851: 842: 840: 837: 828: 819: 817: 814: 805: 796: 794: 791: 782: 773: 771: 768: 759: 750: 748: 745: 736: 727: 725: 722: 713: 704: 702: 699: 690: 681: 679: 676: 667: 658: 656: 653: 644: 635: 633: 630: 621: 612: 610: 607: 598: 589: 587: 584: 573: 564: 562: 559: 550: 534: 532: 529: 525: 524: 512: 478: 476: 473: 462: 453: 451: 448: 439: 430: 428: 425: 416: 407: 405: 402: 398: 397: 385: 369: 367: 364: 360: 359: 347: 331: 329: 326: 317: 316: 312: 311: 302: 293: 291: 288: 282: 273: 271: 268: 259: 255: 253: 251: 248: 245: 244: 236: 235: 231: 227: 226: 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Reuters. 1730:"Overview" 1673:References 1450:Mitsubishi 1209:Sept-Iles 1156:Kemat Jct 1095:Arnaud Jct 880:Canatiche 627:Ashuanipi 445:Menistouc 354:Bloom Jct 313:Carol Lake 185:Operations 175:Mitsubishi 113:Mitsubishi 76:Key people 2561:Slope car 2504:monorails 2373:MiniMetro 2329:Automated 2232:Automated 2203:Automated 1454:Rio Tinto 1430:Sam Walsh 1423:North Ltd 1393:Hollinger 1367:Customers 1326:magnetite 1299:Sept-Îles 1273:Based in 719:Seahorse 696:Dolliver 604:Ross Bay 179:Rio Tinto 117:Rio Tinto 82:President 2407:Personal 2346:Aerotrén 2299:Minitram 2279:Ford ACT 2234:guideway 1965:11 March 1929:11 March 1780:11 March 1758:11 March 1736:11 March 1448:By 2013 1275:Montreal 995:Nipisso 422:Opocopa 167:iron ore 140:.ironore 91:Iron ore 88:Products 70:, Canada 44:Industry 2516:Jetrail 2479:SkyTran 2411:transit 2236:transit 2041:epfl.ch 1379:History 1041:Saumon 1018:Nicman 903:Premio 742:Little 673:Pitaga 650:Oreway 133:Website 96:Revenue 55:(1949) 52:Founded 39:Private 2536:Linimo 2521:H-Bahn 2469:Shweeb 2449:M-Bahn 2333:movers 2331:people 2205:trains 1313:, and 1303:Quebec 1295:Wabush 1279:Quebec 1186:Kemat 949:Dorée 926:Bybee 834:Chico 323: 230:Legend 159:French 47:Mining 2459:ROMAG 2409:rapid 2037:(PDF) 1891:(PDF) 1589:GoA3+ 972:Tika 857:Waco 853:101.1 830:110.8 807:120.5 784:128.1 765:Eric 761:138.0 738:148.3 715:155.2 692:166.4 669:177.8 646:186.6 623:204.7 600:215.0 575:224.0 552:225.0 514:225.3 464:226.7 441:234.5 418:246.5 387:260.1 349:260.2 308: 304:260.8 109:Owner 2194:and 1967:2023 1931:2023 1782:2023 1760:2023 1738:2023 1665:The 1584:GoA2 1551:ETCS 1546:CBTC 1466:Innu 1452:and 1324:and 1315:WABL 1311:CFAQ 1160:ARND 1060:17.1 1037:27.4 1014:35.1 991:45.3 968:56.6 945:62.1 922:73.0 899:79.6 876:90.3 788:Mai 523:TRTS 396:WABL 358:WLRS 177:and 115:and 1459:TSX 1307:TSH 1228:0.0 1205:3.5 1182:6.4 1158:to 1151:6.8 1090:8.3 521:to 394:to 356:to 157:) ( 155:IOC 142:.ca 138:www 2591:: 2111:. 2087:. 2063:. 2039:. 1914:^ 1821:^ 1804:^ 1709:^ 1695:^ 1681:^ 1399:. 1309:, 1301:, 1277:, 1244:mi 261:.0 258:mi 161:: 2184:e 2177:t 2170:v 2145:) 2121:. 2097:. 2073:. 2049:. 1969:. 1933:. 1784:. 1762:. 1740:. 1640:e 1633:t 1626:v 211:e 204:t 197:v

Index


Wilmington, Delaware
Montreal, Quebec
President
Mitsubishi
Rio Tinto
www.ironore.ca
French
iron ore
M.A. Hanna Company
Mitsubishi
Rio Tinto
v
t
e
Legend
mi
WLRS
WABL
TRTS
ARND
Montreal
Quebec
open-pit mining
Labrador City
Quebec North Shore and Labrador Railway
Wabush
Sept-Îles
Quebec
TSH

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