Iron Ore Company of Canada has provided Labrador Iron Ore Royalty Corp. with the following update on the situation at IOC's Sept-Îles port facilities following the fire at Reclaimer no. 2. After initial assessment of the damages, IOC estimates that repairs to Reclaimer no. 2 will be completed in Q4-2021. Currently, Reclaimer no. 1 is in full [...]
Today Rio Tinto released its quarterly operational report for the first quarter ending March 31, 2021, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the first quarter of 2021, IOC had total saleable iron ore production of 3.99 million tonnes, comprised of 2.51 million tonnes of [...]
Labrador Iron Ore Royalty Corp. announced today that it has been advised by Iron Ore Company of Canada that on March 31, 2021, there was a fire at reclaimer no. 2 at IOC's Sept-Îles port facilities. The fire was brought under control and there were no injuries. The cause of the fire remains unknown at this time, and an investigation process is [...]
Clayton Walker, the President and Chief Executive Officer of Iron Ore Company of Canada , has announced that he has accepted a role in the Rio Tinto Copper product group as the Chief Operating Officer, Copper, based in Salt Lake City. As a result, Clayton will be stepping down as IOC's President and CEO effective April 16. A search for his [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $1.00 per Common Share. The dividend is payable to holders of record at the close of business on March 31, 2021 and is to be paid on April 26, 2021. Iron Ore Company of Canada Dividend The Corporation announced that Iron Ore Company of Canada has declared a [...]
Today Rio Tinto released its quarterly operational report for the fourth quarter ending December 31, 2020, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the fourth quarter of 2020, IOC had total saleable iron ore production of 4.67 million tonnes, comprised of 2.46 million [...]
The Directors of Labrador Iron Ore Royalty Corp. declared today a quarterly cash dividend of $1.80 per Common Share. The dividend is payable to holders of record at the close of business on December 31, 2020 and is to be paid on January 26, 2021. The Corporation has decided to end the practice of designating dividends as either regular or special [...]
Labrador Iron Ore Royalty Corp. announced today that it has been advised that the Innu communities of Uashat mak Mani-utenam and Matimekush-Lac John signed a Reconciliation and Collaboration Agreement with the Iron Ore Company of Canada. The life of mine agreement lays the groundwork for a mutually beneficial relationship based on dialogue [...]
Labrador Iron Ore Royalty Corp. announced that Iron Ore Company of Canada has declared a dividend payable on December 17, 2020. The Corporation's portion is U.S. $67,950,000 or about CDN. $88.3 million. About Labrador Iron Ore Royalty Corporation The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary [...]
Labrador Iron Ore Royalty Corp. , announced today its operation and cash flow results for the third quarter ended September 30, 2020. Royalty revenue for the third quarter of 2020 amounted to $52.4 million compared to $45.5 million for the third quarter of 2019. Net income was $57.7 million or $0.90 per share for the third quarter of 2020 compared [...]
Today Rio Tinto released its quarterly operational report for the third quarter ending September 30, 2020, which included Iron Ore Company of Canada production and sales information. Specifically, Rio Tinto announced that in the third quarter of 2020, IOC had total saleable iron ore production of 3.99 million tonnes, comprised of 2.22 million [...]
