Labrador Iron Ore Royalty Corp (TSE:LIF)

North American company
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Market Info - LIF

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Company Info - LIF

  • Market CapCAD1.642bn
  • SymbolTSE:LIF
  • IndustryBasic Material
  • SectorSteel
  • Currency
  • ISINCA5054401073

Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.Labrador Iron Ore Royalty Corp through its subsidiaries holds equity interest in Iron ore company of Canada. It earns royalty on all iron ore products produced, sold and shipped.

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