Montreal, Canada-based iron ore exploration and development company New Millennium Iron (NML) has announced that Tata Steel Minerals Canada Ltd (TSMC), a joint venture between Indian steel giant Tata Steel and NML, has started initial mining of saleable iron ore from its direct shipping ore (DSO) project located in Labrador. The product is being stockpiled at the company's Timmins plant site in Ontario for crushing and screening.
The company stated that it will issue a more detailed project update. Production from the project started on September 10, 2012. The DSO project contains 64.1 million mt of proven and probable mineral reserves at an average grade of 58.8 percent iron.