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Labrador Iron Mines restarts development at Gill project

Keywords: Tags  iron ore, Labrador Iron Mines, Gill project, James Mine, Stacy Irish

NEW YORK — Iron ore producer Labrador Iron Mines Holdings Ltd. is restarting mine development at its Gill iron ore property in the Labrador Trough in northeastern Canada, the company told AMM sister publication Steel First.

The Toronto-based company intends to start exploration in 2014 to determine the mineral reserve and resource number.

Once production starts, iron ore will be trucked to the company’s Silver Yards processing plant, which connects to the main rail line to transport iron ore to the Port of Sept-Iles. Production is likely to be sold to Asian steelmakers.

The company started its third operating season at its James Mine in April and operations are expected to continue until the end of November. It expects to ship 1.7 million tonnes of iron ore in 2013, having already produced 1.05 million tonnes so far this year.

A version of this article was first published by AMM sister publication Steel First.

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