Report summaryCarol Lake is Canada's second largest mine and first started production in 1962. The mine is located approximately 900 kilometres north-east of Montreal. It is majority owned by Rio Tinto (58.7%) with Mitsubishi and Labrador Iron Ore Royalty Corp (LIORC) owning 26.2% and 15.1% respectively. Carol Lake currently has two deposits being mined, Luce and Humphrey, which along with three other nearby deposits form the basis of Carol Lake's marketable reserves. The mine is run as a truck and shovel...
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