TORONTO, July 13, 2024 /CNW/ – Iron Ore Company of Canada is initiating a safe and coordinated temporary shut down of its operations in response to the Provincial Government’s evacuation order for Labrador City. The order stems from extreme fire behaviour that has occurred yesterday and is expected to continue into today. The fire has the potential to grow significantly closer to Labrador West over the next 24 to 48 hours.
About Labrador Iron Ore Royalty Corporation
Labrador Iron Ore Royalty Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC and a 10 cent per tonne commission on all iron ore products produced and sold by IOC.
SOURCE Labrador Iron Ore Royalty Corporation
