Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp > New Year

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Comment by TheBridgeon Nov 28, 2023 11:25am

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Post# 35756332

RE:New Year

No sooner that things appear to be getting better and then.......Today's edition of Oil Price, Intelligence Report carried the following. "Intervention Fears Push Iron Ore Prices Lower" China's state economic planner NDRC announced its intent to "deepen its understanding of how iron ore prices are compiled", sending iron ore prices down to $133 per metric tonne and cutting short the longest streak of weekly gains since January. Let's hope that this winds up quickly and the price of iron climbs again.

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