Labrador Iron Ore Royalty Corporation (TSX:LIF) - IOC Fire at Reclaimer no. 2
April 03 2021 - 10:29AM
PR Newswire (Canada)
TORONTO, April 3, 2021 /CNW/ - Labrador Iron Ore Royalty
Corporation (the "Corporation") announced today that it has been
advised by Iron Ore Company of Canada ("IOC") that on March 31, 2021, there was a fire at reclaimer no.
2 at IOC's Sept-Îles port facilities. The fire was brought under
control and there were no injuries. The cause of the fire remains
unknown at this time, and an investigation process is ongoing and
IOC is still assessing the impact on its operation. IOC has
declared force majeure on its contracts and is working with
customers to minimize disruption.
About Labrador Iron Ore Royalty Corporation
The Corporation holds a 15.10% equity interest in IOC directly
and through its wholly-owned subsidiary, Hollinger-Hanna Limited,
and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore
products produced, sold and shipped by IOC.
SOURCE Labrador Iron Ore Royalty Corporation
Copyright 2021 Canada NewsWire
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