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HomeOur businessOur Wabush 3 Project
Our Wabush 3 Project

On February 23, 2017 IOC announced a CAD$79 million investment by the IOC Board of Directors.  Wabush 3 is a new pit that will be developed within IOC’s existing mine operations and will utilize its existing maintenance, ore delivery, processing and tailings management facilities as well as other aspects of IOC’s current infrastructure and activities in the region. It will also extend the life of the mine, reduce operating costs and increase production of quality grade iron concentrates and pellets.

The Wabush 3 pit will be developed adjacent to Luce pit and construction is expected to start in the second quarter of 2017. First ore from production mining is expected in the second half of 2018, helping IOC ramp up annual capacity from 18 million tonnes towards 23 million tonnes.
IOC is committed to ensuring that project construction and operations are conducted in an environmentally acceptable manner and to continuing meaningful engagement with all stakeholders.

It’s important for IOC to modernize assets and the operating model to achieve safer and more stable production, with the objective of being a lower cost producer of quality grade iron concentrates and pellets for the steel industry, and make IOC the premier mining organization in North America.