Labrador Iron purchases build ore holdings
Dec 18, 2009 | 09:42 AM
| Lisa Gordon
Labrador Iron Mines Holdings Ltd. (LIM) is acquiring an additional 50 million tons of direct shipping iron ore (DSO) in Quebec through a series of five transactions.
The properties, located in the Schefferville area near the Toronto-based company's western Labrador operations, are expected to begin production sometime next year.
"These properties represent a very significant increase in the resource base available to LIM and will both complement LIM's planned DSO operations in Labrador as well as providing LIM with an excellent base and adjacent portfolio of properties within the Labrador trough in the province of Quebec," John F. Kearney, the company's chairman, said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.