Overview | Labrador Iron Ore
It has been producing and processing iron ore from its current facilities in Labrador City, Newfoundland and Labrador since 1962. IOC is operated by Rio Tinto PLC, a world leader in iron ore mining and processing and IOC''s majority shareholder (58.7%). Mitsubishi Corporation (26.2%) and LIORC (15.1%) are IOC''s other shareholders.