Iron Ore Company was founded in 1949 from a partnership of Canadian and American M.A. Hanna Company. It is now owned by a new consortium, including the Mitsubishi and Rio Tinto corporations. Based in Montreal, Quebec, IOC currently has mining and concentrator operations in Labrador City, Newfoundland and Labrador, and operates the Quebec North Shore and Labrador Railway to ship ore concentrate from the mines to the port of Sept-Lies, Quebec.

Iron Ore Company of Canada (IOC) is a leading Canadian producer of iron ore concentrate and pellets. Founded in 1949, the company operates a mine, concentrator and pellet plant in Labrador City, Newfoundland and Labrador, as well as port facilities in Sept-Îles, Quebec. IOC is a joint venture between Rio Tinto (58.7%), Mitsubishi Corporation (26.2%) and the Labrador Iron Ore Royalty Income Corporation (15.1%).

IOC is committed to the highest standards of safety, environmental stewardship, and social responsibility. The company operates in compliance with the Canadian Environmental Assessment Act and is a member of the Responsible Care program of the Canadian Chemical Producers Association. IOC has invested in a number of community initiatives, including the local hospital and schools, and is a major employer in the region.

IOC’s Labrador City operations include a mine, concentrator and pellet plant. The mine is one of the largest open-pit iron ore mines in the world, with a total production capacity of approximately 27 million tonnes per year. The concentrator processes ore from the mine into a high-grade concentrate, which is then transported to the pellet plant for further processing.

IOC’s port facilities in Sept-Îles are located on the St. Lawrence River and include a deep-water dock, a storage yard and a loading facility. The port is capable of handling vessels up to 50,000 tonnes and can accommodate ships of any size.

IOC is an important contributor to the Canadian economy, providing thousands of direct and indirect jobs. The company is also a major contributor to the provincial and federal governments through taxes and royalties. IOC’s operations are essential to the regional economy, and the company is committed to maintaining a long-term presence in the area.