Mining Major Rio Tinto’s subsidiary Iron Ore Company of Canada (IOC) will proceed with a C$79-million expansion known as the Wabush 3 project, t its remote iron-ore mine in the Labrador Trough of Newfoundland and Labrador.
Wabush 3 is a new pit that will be developed within IOC’s existing mine operations to extend the life of the mine, reduce operating costs and increase production of high-grade iron concentrates and pellets at the existing concentrator and a pelletising plant, in Labrador City.