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 Shefferville 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 Scheffervile 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

The Wabush 3 project is finished and production begins in the new Moss pit, which is named after Dr. AE Moss, one of the geologists who helped survey IOC deposits in the 1940s.