Asset Report

Carol Lake iron ore mine

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18 June 2022

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:

  • Document

    Carol Lake.xls

    XLS 188.50 KB

  • Document

    Carol Lake iron ore mine

    PDF 1.23 MB

  • Document

    Carol Lake iron ore mine

    ZIP 1.24 MB