Labrador Iron Ore Royalty Corp

Labrador Iron Ore Royalty Corp. engages in the provision of mining for iron ore. The company is headquartered in Toronto, Ontario and currently employs 2,930 full-time employees. The firm holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. The company holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The firm holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.