Labrador Iron Ore Reports IOC Q2 Saleable Production of 2.92 Million Tonnes
Labrador Iron Ore Royalty (LIF.TO) notes that Iron Ore Company of Canada (IOC) had total saleable iron ore production of 2.92 million tonnes for the second quarter ending June 30. IOC sold 3.16 million tonnes of iron ore, comprised of 2.05 million tonnes of pellets and 1.11 million tonnes of concentrates for sale (CFS). Labrador Iron Ore, which has a 15.1% equity stake in IOC and among other things, receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC. Rio Tinto, the majority owner of IOC with a 58.7% stake, said full year production guidance for IOC of 15-18 million tonnes remains subject to the impact of recent forest fires in Labrador. Price: $26.88, Change: $-0.32, Percent Change: -1.19%
Labrador Iron Ore Royalty (LIF.TO) notes that Iron Ore Company of Canada (IOC) had total saleable iron ore production of 2.92 million tonnes for the second quarter ending June 30.
IOC sold 3.16 million tonnes of iron ore, comprised of 2.05 million tonnes of pellets and 1.11 million tonnes of concentrates for sale (CFS).
Labrador Iron Ore, which has a 15.1% equity stake in IOC and among other things, receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC.
Rio Tinto, the majority owner of IOC with a 58.7% stake, said full year production guidance for IOC of 15-18 million tonnes remains subject to the impact of recent forest fires in Labrador.
Price: $26.88, Change: $-0.32, Percent Change: -1.19%