Labrador Iron Mines granted approval for Schefferville Area iron project

Friday, 17 September 2010 16:18:27 (GMT+3)   |  
       

Toronto, Ontario, Canada-based emerging iron ore miner Labrador Iron Mines Holdings Limited has announced that it has received the certificate of approval for mine operations from the Department of Environment and Conservation of Newfoundland and Labrador for the development and operation of its Schefferville Area iron ore project in Western Labrador.

According to the company statement, the approval covers operations for open-pit mining at James North, James South, Redmond 2B and Redmond 5 deposits; a beneficiation facility; ore, waste rock and overburden stockpiles; settling ponds; access roads; worker's camp and other associated works.

The company has also been notified by the Department of Transportation and Works of Newfoundland and Labrador that it has agreed to issue an interim operating permit for LIM's recently installed rail spur line, which will facilitate rail transportation of goods and material directly to LIM's Silver Yard site for mine and plant construction.

"Receipt of these two remaining operating permits marks the completion of the environmental assessment and permitting process for our Schefferville Area iron ore project in Western Labrador," remarked John Kearney, chairman and chief executive.

The company hopes to complete construction of the plant and mine preparation prior to year end 2010.


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