Business
IOC Announces Resumption of Phase Two of its Iron Ore Expansion Program
Feb. 8, 2011 (Canada NewsWire Group) -- TORONTO, Feb. 8 /CNW/ - Iron Ore Company of Canada (I...
About this update from Labrador Iron Ore Royalty Corporation
[{"type":"text","content":"\n\n\n\n Feb. 8, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Feb. 8 /CNW/ - Iron Ore Company of Canada (IOC) announced today\n the resumption of Phase two of its Concentrate Expansion Program\n (CEP2). The second of three stages in the expansion program, which was\n suspended in 2008 due to the global financial crisis, CEP2 will bring\n IOC's annual concentrate capacity from 22 million tonnes to 23.3\n million tonnes (see attached IOC press release).When completed this\n will result in an increase in the royalty revenue received by Labrador\n Iron Ore Royalty Corporation from IOC, subject to future prices and\n exchange rates.\n\n\nIOC resumes Phase two of iron ore expansion program\n\n\n(Canada) Labrador City, Sept-Îles, Montreal, St. John's, February 8,\n 2011 - Today, the Iron Ore Company of Canada (IOC) announced the resumption of\n Phase two of its Concentrate Expansion Program (CEP2). The second of\n three stages in the expansion program, which was suspended in 2008 due\n to the global financial crisis, CEP2 will bring IOC's annual\n concentrate capacity from 22 million tonnes to 23.3 million tonnes.\n\n\n"IOC is excited to restart the second phase of our Expansion Program,"\n said Zoë Yujnovich, its President & CEO. "Not only will the project\n allow us to become a more competitive business, grow as a company and\n reach our full operational potential, it will also permit us to further\n contribute to the economy and to sustainable e...