Iron Ore Canada declares force majeure due to fire at Sept-Îles port

Monday, 05 April 2021 17:05:06 (GMT+3)   |   Istanbul

Canadian investment company Labrador Iron Ore Royalty Corporation has announced that Canada-based Iron Ore Company of Canada (IOC), a joint venture between Labrador Iron Ore Company and Australia-based Rio Tinto, has declared force majeure on its contracts following the fire at reclaimer No. 2 at IOC’s Sept-Îles port facilities on March 31.

The fire was brought under control and there were no injuries. The cause of the fire remains unknown and an investigation process is ongoing. IOC is still assessing the impact on its operations and is working with customers to minimize disruption.

In 2020, IOC produced 9.6 million mt of pellet and 8.1 million mt of iron ore concentrate, while its sales in the given year totaled 18.6 million mt, comprising of 10.2 million mt of pellet and 8.4 million mt of iron ore concentrate.

Most Recent Related Articles

S. Africa’s iron ore output up by 24 percent in February from January

Ukraine’s Central GOK sees 4.6 percent decline in iron ore pellets output in Jan-Feb

Iron ore exports via Port Hedland up 24.5 percent in Mar from Feb

Ferrexpo’s iron ore output increases by two percent in Q1

Australia’s Mineral Resources produces first iron ore at Wonmunna