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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.


TSX:LIF - Post by User

Labrador Iron Ore Royalty Corp
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Post by TheBridgeon Jul 12, 2023 9:34am
239 Views
Post# 35537142

Tough Times

Tough TimesSource: Oilprice.com, Intelligience Report,, Tuesday, July 11, 2023. "IRON ORE LIVES THROUGH WORST DAY OF 2023. Depressed by weak Chinese domestic demand and steel output curbs, the two Asian  iron ore futures in Dalian and Singapore recorded their worst day in 2023 so far on Monday, falling by almost 4% on the day to $109 per metric tonne.

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