Commitments
At IOC we are committed to becoming a premier mining organization in North America. To achieve this goal, the way we do our work every day at IOC is just as important as the work that we deliver. Our commitment to health, safety, environment and communities (HSEC) is fundamental to how we do business.
Our Strategy

At IOC, we have an impressive history and can rely on talented, ingenious and resilient people. Together, we have faced many challenges and accomplished a lot over the past 70 years.

 

Today, our operations and our industry are at a turning point. While we have initiated projects to gradually improve our working conditions and our facilities, we need to intensify these efforts to retain our people and attract key talent. There is also a real urgency to act in the fight against climate change. We want to make bold changes that will contribute to reducing the global emissions of the steel industry.

 

Our goal is to capture the market opportunity to supply green steel inputs while controlling our unit cost. This will put us in a strong financial position through all price cycles, which will enable us to invest in expanding our operations so that our people and communities can grow with us for the next 100 years and beyond.

 

We aspire to become a leading green producer by reducing our own carbon and environment footprints to create a cleaner environment for our communities, our people, our stakeholders, and the world.

 

 

A new strategic plan to achieve our ambitions

To help ensure everyone is moving in the same direction, we’ve defined the journey around four key pillars and three enablers.

 



FIX THE BASICS

As part of this pilar, we will:

  • Increase our focus on health and safety
  • Leverage the Rio Tinto Safe Production System to improve our operations
  • Strengthen the integrated operations center
  • Improve our working environment

 

 

GROW

As part of this pilar, we will:

  • Discover and exploit new ore deposits
  • Increase our infrastructure capacity
  • Take the lead in the green steel market
  • Invest in the future


OPTIMIZE OUR OPERATIONS

As part of this pilar, we will:

  • Establish new ways of operating
  • Stabilize our entire value chain
  • Increase our efficiency and productivity
  • Reach our designed capacity, safely

 

 

DECARBONIZE

As part of this pilar we will:

  • Reduce our use of fossil fuels
  • Eliminate Bunker C
  • Rethink our energy supplies
  • Modify our infrastructure and technology

 

 

These pillars are supported by key enablers

We are committed to ensure that all our people are safe and able to perform at their best. We will build the IOC of the future by continuing to attract and retain the right talent, investing in our people and being involved to improve the communities in which we operate.

 

These objectives will rely upon our values: courage, care and curiosity. They will guide us going forward and help us take the right decisions.

 

Our people can achieve great things when their full potential is unleashed. Our founding generation did it when they created this company, and we too have the vision and resilience we will need to achieve our aspirations.