IOC pulls the trigger on long-delayed C$79m Wabush 3 expansion

Iron Ore Company of Canada (IOC), a subsidiary of Rio Tinto, will proceed with the C$79-million Wabush 3 expansion project at 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 the production of high-grade iron concentrates and pellets at the existing concentrator and a pelletising plant, in Labrador City. The Wabush 3 pit will be developed next to the Luce pit.