IOC to conduct a study into operations expansion

18 August 2011 (Last Updated August 18th, 2011 18:30)

Iron Ore Company of Canada (IOC) is planning to carry out a study to assess the feasibility of expanding its mining and infrastructure assets in Newfoundland, Labrador and Quebec, Canada. The study will assess options to initially increase production to 50Mtpa from 2016, and consider p

Iron Ore Company of Canada (IOC) is planning to carry out a study to assess the feasibility of expanding its mining and infrastructure assets in Newfoundland, Labrador and Quebec, Canada.

The study will assess options to initially increase production to 50Mtpa from 2016, and consider pathways for further expansion beyond this capacity.

IOC has a projected operating capacity of 26Mtpa on completion of three concentrate expansion projects in 2013.

The study will consider multiple alternatives for the expansion, including new concentrators, mining pits and related mine, rail, stock handling and port infrastructure.

IOC's president and CEO Zoë Yujnovich said the firm will evaluate large-scale growth options to improve competitiveness, which will have significant continuing economic benefits for the provinces of Newfoundland, Labrador and Quebec, where the firm operates.