Labrador Mining News

Osisko Gold back to its roots, sells stake in Labrador Iron Ore

The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Until now Canadian companies needed to have at least 51% stake in any uranium project.

Labrador Iron Mines seeks court protection from creditors

The Canadian miner became the latest victim of slumping iron ore prices.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Quebec's highest court has refused to hear an appeal of a last year judgment that rejected a motion to dismiss the millionaire lawsuit against the miner's Iron Ore Co. of Canada (IOC).

Vale confirms plans to sell stake in $35 billion base metals unit

Chief Financial Officer Luciano Siani confirmed Tuesday the company's plans to sell a minority stake in its metals-producing unit.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Closing the mine will cost $650 million to $700 million over the next five years.

Canadian court rules aboriginal lawsuit against Rio Tinto can go ahead

Quebec judge wouldn't dismiss $900 million lawsuit.

Vale sees iron ore prices coming back to historical levels

CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.

Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Australia’s big three miners to regain control of iron ore sector

Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.

Labrador Iron Mines halts operations on weak ore prices, high costs

The firm said it has already put in place savings initiatives in various areas including mining equipment rates, rail car leasing rates and corporate and administration costs.

Power issues could get in the way of Canada’s Labrador expected mining boom

$15 billion of investment in Labrador mining projects over the next decade may be jeopardized by the lack of energy sources unless alternatives, such as generating power from the Muskrat Falls, are put in place.

Canarail awarded major contract in northern Quebec and Labrador

The President of CANARAIL is pleased to announce the recent signature of a contract with the mining company Labrador Iron Mines (LIM) to help the miner improve and optimize its current onsite transport solutions.

Altius Minerals Corporation (TSX:ALS) announces strategic alliance with Virginia Mines Inc.

Announce today Altius has signed a memorandum of understanding with Virginia mines, the two companies will cooperate on the base-precious metals project in Quebec and southern Labrador .