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Labrador Iron Mines ships its first iron ore

Wednesday, 05 October 2011 16:30:39 (GMT+2)   -  

Tags: iron ore , raw mat , China , Canada , Far East , North America , Southeast Asia , mining , East Asia and Pacific | similar articles » SteelOrbis News

Quebec, Canada-based Labrador Iron Mines Holdings Limited (LIM), which is 33 percent owned by London-based mining company Anglesey Mining, has announced its first shipment of iron ore bound for China.

The iron ore carrier left the Port of Sept-Iles on October 4, carrying a total of 167,167 wet tons of iron ore sold to the Iron Ore Company of Canada pursuant to LIM's agreement to sell and ship all of its iron ore production in the calendar year 2011. The sale price for the iron ore is based on the actual realized prices to Chinese customers, less an allocation for handling, loading, shipping and sales costs.

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