The iron ore company of canada ioc in labrador city, newfoundland and labrador, canada produces iron ore pellets and highgrade iron concentrates, with average iron grades over 66%. In the late 19th and early 20th centuries, the united states was mining such an abundance of iron ore of high quality that taconite was considered an uneconomic waste product. The top 10 iron ore mining centers, ranked by ore mined in 2014 calendar year. Salaries posted anonymously by iron ore company of canada employees. Ioc is located in the region known as the labrador trough, an established basin with significant deposits for the supply of highgrade iron ore products. Ioc is the largest manufacturer of iron ore pellets in canada and its customer base covers north american, european and asian steel producers. The two largest iron mining operations in canada, the iron ore company of canada ioc in labrador 11,000 ha and arcelormittal in quebec 6216 ha, only account for. Located in the labrador trough, a region known to have substantial iron ore deposits, ioc was founded in 1949 by the m. Iron ore company of canada is a canadianbased producer of iron ore. Our operations include a mine with five operational pits, a concentrator and a pelletising plant located near labrador city, in the province of newfoundland and labrador, canada, in the region known as the labrador trough, an established basin with significant deposits for the supply of highgrade iron ore products. Iron ore mining in canada industry outlook 20192024 poll average industry growth 20192024.
Iron ore mining in canada industry data, trends, stats. Iron ore company of canada often abbreviated to ioc french. Iocs operations are integrated across our mine, including the newly opened moss pit, and processing plant in labrador city, newfoundland and labrador. The company operates a mine, concentrator and a pelletizing plant in labrador city, newfoundland and labrador, as. By the end of world war ii, however, much of the highgrade iron ore in the united states had been exhausted. Pdf geological setting and genesis of highgrade ironore. The iron ore produced by vale can be found in houses, cars and household appliances.
It almost always consists of iron oxides, the primary forms of which are magnetite fe 3 o 4 and hematite fe 2 o 3. Iron ore company of canada operations are integrated across labrador city. Thus, the supply of iron ore is an important factor for the global economy. Taconite became valued as a new source of the metal. The term iron ore is used when the rock is sufficiently rich in iron minerals to be mined economically. Hibbing taconite company, northshore mining company and united taconite, llc. This approach was established under the first major agreement between a buyside consumer of iron ore a steel producer and a sellside iron ore producer a mining company. Compagnie miniere ioc is a canadian based producer of iron ore.
Based on the production of usable iron ore, australia and brazil are some. Iron ore, one of the most abundant metals on earth, is the primary raw material used to make steel operations we work in about 36 countries in mines, smelters and refineries, as well as in sales offices, data centres, research and development labs. Canadas two biggest pension funds are separately looking for partners to potentially bid on rio tintos stake in iron ore company of canada, the wall street journal said. Iron ore is the source of primary iron for the worlds iron and steel industries. Historically, iron ore has traded under longterm contracts based on a benchmark price, negotiated annually. We are a leading north american producer and exporter of premium iron ore pellets and highgrade concentrate. Air quality monitoring stations at labrador city operations. Labrador iron ore royalty corporation renewal of mining leases. Iron is a common metal found in the earths crust, where it occurs in combination with other elements.
Extraction of the valued ore began in 1954 at its mine site in schefferville and hasnt stopped to this day despite the ups and downs of the market. The plan indicates where we intend to continue to operate the line or whether, within the next three years, we intend to take steps to discontinue operating the line. Biggest companies in the iron ore mining industry in canada. It has a mine, concentrator and a pelletizing plant which are. The iron ore company of canada ioc operations are integrated across a mine and processing plant in labrador city, newfoundland and labrador. In this section you will find ioc publications, including our employee magazine mine to port, our annual sustainable development reports, as well as our latest photos. Comprehensive list of iron companies listed in all countries, including company profiles, charts, stock quotes, news and user commentary. Iron ore company of canada in labrador city and septiles, we take part in a number of community forums, taskforces and planning meetings to discuss issues of mutual concern and align with changing priorities in the two regions where we are located. Iron ore is comprised of minerals and rocks from which metallic iron can be extracted. The iron ore guide contains the primary specifications and methodologies for platts iron ore global catalogue of price assessments.
Iron ore is found in nature in the form of rocks, mixed with other elements. The iron ore company of canada ioc is a leading canadian producer of iron ore concentrate and iron ore pellets that serves customers worldwide. Canada ioc geologists vary from 3 to 16 million tonnes of. Iron fe is a relatively dense metal with a silvery white appearance and distinctive. Highgrade ironore deposits in the eastern labrador trough differ markedly from the soft.
It started its journey in the year 1949 in wilmington, delaware, united states. By means of various industrial processes incorporating cuttingedge technology, iron ore is processed and then sold to steel companies. Iron ore company of canada the canadian encyclopedia. The mining leases were initially granted in 1960, 1962, 1965 and 1971 and were for terms of 30 years with the right to renew the. Dented by aluminum, rio tinto aims to unload iron ore co. Black iron is a canadian iron ore exploration and development company advancing its 100% owned shymanivske project located in krivyi rih, ukraine, to production. May 21, 2019 liorc investor presentation company background april 2020 view this presentation pdf 3. Historically, iron ore reached an all time high of 200 in november of 2007. Iron ore is a mineral substance which, when heated in the presence of a reductant, will yield metallic iron fe. A free inside look at iron ore company of canada salary trends based on 14 salaries wages for 14 jobs at iron ore company of canada. The iron ore company of canada ioc plans to expand the boundaries. Therefore the iron ore operations ranked here be individual mines or a complex of clustered mines. Included in this article also is a discussion of the mining of iron and of its preparation for smelting.
The various sections of this guide are designed to give platts subscribers as much detail as possible about a wide range of methodology and specification issues. Our iron ore company of canada ioc is a leading north american producer and exporter of premium iron ore pellets and highgrade concentrate. Iron ore company of canada kari plaster vice president, human resources noia conference june 19, 2012. Labrador iron ore royalty corporation liorc, a canadian corporation, owns interests in iron ore company of canada ioc which operates a major iron mine near labrador city, newfoundland and labrador on. Iron is the most abundant element on earth but not in the crust. The iron ore company of canada ioc operates an iron ore mine, a concentrator and a pelletizing plant. The company operates three iron ore mines in minnesota. Iocs operations are integrated across our mine and processing plant in labrador city, newfoundland and labrador. Iron ore company canada address, contact number of iron. Iron processing, use of a smelting process to turn the ore into a form from which products can be fashioned. The company was founded in 1949 from a partnership of canadian and american m. The iron ore company of canadas community advisory panel and.