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 > LIF Q3 Dividend $2.10/share

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Comment by ckwongon Sep 16, 2021 8:26pm

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Post# 33875468

RE:RE:RE:RE:LIF Q3 Dividend $2.10/share

This is the puzzle I am trying to solve. There is not much from the financial report. Anyway, world iron ore is controlled by a couple of companies, Rio et el. It comes down whether Rio sells IOC's iron ore to US and EUrope. Bear with me. I'll share if I find something. To me, it will be silly not sell IOC ore to US and Europe because of the most recent plant upgrade.