Asset Report
Carol Lake iron ore mine
Report summary
Carol Lake is a surface mine operated by Iron Ore Company of Canada (IOC) located approximately 900 kilometres northeast of Montreal in Newfoundland and Labrador, Canada. IOC is majority owned by Rio Tinto with Mitsubishi and Labrador Iron Ore Royalty Corp (LIORC) owning minority stakes. Due to prolonged labour and equipment availability issues, Carol Lake’s production fell 6% in 2021. Going forward, we expect the mine's output to reach its designed nameplate capacity by 2024. IOC completed the development of the Wabush 3 deposit in November 2018. Its ramp-up has been improving productivity levels and enhancing operational flexibility.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 12 images and tables including:
- Detail map
- Participation
- Marketable reserves (as at 01/01/2022)
- Production
- Production
- Operational summary
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
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