About Iron Ore Company of Canada The Iron Ore Company of Canada is Canada's largest iron ore producer, operating the Carol Lake Mine in Labrador City. Owned by Rio Tinto (%), Mitsubishi Corporation (%), and the Labrador Iron Ore Royalty Income Fund (%), IOC operates within the Rio Tinto Iron Ore group.
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in the producon of aluminum, iron ore, copper, uranium, coal and diamonds. • It also has significant operaons in refining, parcularly for refining bauxite and iron ore. • It has operaons on six connents but is mainly concentrated in Australia and Canada.
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Company Description Labrador Iron Ore Royalty Corp. holds a % equity interest in the Iron Ore Company of Canada (IOC) and receives a 7% gross royalty and /tonne commission on all iron ore products produced by IOC.
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Mining Iron Ore Mining iron ore begins at ground level. Taconite is identified by diamond drilling core samples on a grid hundreds of feet into the earth. Taconite rock comprises about 28 percent iron; the rest is sand or silica. These samples are analyzed and categorized so that mining engineers can accurately develop a mine plan.
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Strike at Iron Ore Company of Canada Mineworkers belonging to the United Steelworkers (USW) union have voted to strike at the Iron Ore Company of Canada's mine in Labrador City, Canada.
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