Quebec,
Canada-based Labrador Iron Mines Holdings Limited (LIM), which is 26 percent owned by London-based
mining company Anglesey
Mining, has mined and sold over 650,000 mt of
iron ore in the second quarter of this year.
According to Anglesey
Mining's announcemet, LIM now has measured and indicated resources of 44.6 million mt at 56.5 percent iron in five direct shipping ore (DSO) deposits and an additional 121 million mt of historical resources in about 15 other deposits. Production and sale of 2 million mt of
iron ore is targeted for 2012, leading on to the development of the Houston deposits in Western Labrador,
Canada, with the objective of ramping up production towards 5 million mt of
iron ore per year by 2015.