Who We Are
As a leader in the Canadian resources sector we take pride in ensuring our products are of consistent, reliable and replicable quality; within cargoes and between cargoes.
The Iron Ore Company of Canada through the Years
1949
The Iron Ore Company of Canada was incorporated in 1949 after four years of exploration and development, which resulted in the discovery of an open pit iron ore deposit of over 400 million tonnes.
1954
The QNS&L railway is completed and the first shipment of iron ore leaves Schefferville for the Sept-Iles port, where it is loaded onto the Hawaiian cargo vessel.
1958
IOC announced the Carol Lake project in Labrador City (mine and concentrator) on the mining lease held by the predecessor of the Labrador Iron Ore Royalty Corporation (LIORC) stockholder.
1960
The railway spur connecting our Carol Lake Operations, near Labrador City, to the QNS&L Railway main line is completed.
1962
The Carol Lake project is completed and operations begin near Labrador City.
19
82
Our operations in Schefferville cease.
2008
IOC announces the $500 (CAD) million expansion project to increase annual production of iron concentrate to 23 Mtpa.
2013
The Concentrate Expansion project is completed, bringing annual concentrate capacity to 23 Mtpa.
2017
IOC announces the investment in the Wabush 3 expansion project. That same year, IOC achieves record production of 20.2 million metric tons of concentrate.
2018
