Iron Ore Company of Canada

Equipment at IOC's mine near Labrador City, Newfoundland and Labrador. Shot was taken August 2010. Credit: Rio Tinto

IOC green-lights Wabush 3

Iron Ore Co. of Canada (IOC) is moving ahead with developing the Wabush 3 project, after a $79-million investment approval by its board. Wabush 3…

IRON ORE CO. OF CANADAA train carries iron ore from Iron Ore Co. of Canada's operations in Labrador City, Nfld. The company is spending $60 million to expand the facilities there in a booming iron market.

IOC ramps up investment in Labrador operations

Strong market demand, addressing operating bottlenecks and improving winter performance were the key drivers behind the Iron Ore Co. of Canada’s (IOC) decision earlier this month to pump $60 million i…