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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

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.


TSX:LIF - Post by User

Post by ElanS2on Dec 11, 2020 11:36am
165 Views
Post# 32088460

Law suit settled.

Law suit settled.The $ terms have not been published. Does anyone have any knowledge of the amounts ?
The benefit agreement between the local Innu and Bloom was for 5 million upon signature followed by another 5 million per production year. That info leaked out immediately after signature, but it was taken down very quickly.
I suspect that the IOC agreement is similar, but that is just my opinion.
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