Labrador Iron Mines signs two-year iron ore deal with IOC

May 15, 2013 | 12:09 PM | Stacy Irish

Tags  Labrador Iron Mines, Iron Ore Co. of Canada, Keren Yun, China, Canada, Steel First, Stacy Irish

NEW YORK — Canadian iron ore producer Labrador Iron Mines Holdings Ltd. (LIM) has renewed its iron ore sales agreement with Iron Ore Co. of Canada (IOC) for all of its iron ore production in 2013 and 2014.

The Toronto-based company began its third year of direct-shipping iron ore (DSO) production at its mine in the Schefferville area in Western Labrador in April.

It is targeting production of 1.75 million to 2 million tonnes of sinter fines and lump this year. The first Capesize shipment of 2013 is expected to be loaded around the end of May. ....

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