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. Carol Lake production of pellets and concentrate increase by over 2% in 2022. Successful deployment of the Rio Tinto Safe Production System (SPS) at the concentrator was completed in the year, with record performance metrics achieved in the year. Going forward, we expect the mine’s output to gradually expand to a ultimate rate by 2026. We anticipate 54% of that output will be comprised of concentrate, with the remaining 46% being pellet. 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
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Carol Lake Emission Intensity Quartile ranking – total global production - tonnes of ore
- Detail map
- Participation
- Marketable reserves (as at 01/01/2023)
- 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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