Business
Iron Ore Company of Canada Dividend and Market Update
TORONTO, Sept. 10 /CNW/ - Labrador Iron Ore Royalty Income Fund announced that Iron Ore Company o...
About this update from Labrador Iron Ore Royalty Corporation
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 10 /CNW/ - Labrador Iron Ore Royalty Income Fund announced\nthat Iron Ore Company of Canada (IOC) has declared a dividend payable on\nSeptember 30, 2009. The Fund's portion is U.S. $7,550,000 or about CDN.\n$8,000,000 (CDN. $0.25 per unit). IOC has settled its European benchmark\nprices for 2009 at a decrease of 29.75% for concentrates and 48.3% for pellets\nfrom 2008 benchmark prices, which are about as expected. Demand for iron ore\nproducts continues to strengthen. IOC has operated at full capacity since\nresumption of operations following their summer shutdown.\n\n\n%SEDAR: 00002722E\n\n\n","length":663,"tagName":"div"}]