Iron Ore in Northern Labrador-The Rejuvenation of a Historic Mining Camp in Schefferville
After World War II steel demand led to one of the largest mine development projects undertaken in Canada, with establishment of Iron Ore Company of Canada, its development of extensive hematite iron reserves straddling northern Quebec/Labrador border and construction of QNRL Railway.
For 25 years IOC successfully operated a series of open pit deposits, leased from Hollinger North Shore (Quebec) and Labrador Mining and Exploration Company (Labrador), mining direct shipping lump and sinter iron ore products. IOC closed Schefferville operations in 1980s, mining out 150 million tons leaving resource of 200-250 million tons.
Labrador Iron Mines Limited, subsidiary of LSE listed Anglesey Mining plc of UK, acquired rights to 6 deposits, in Labrador, near Schefferville. These deposits contain 100 million tons iron ore resources. Labrador Iron Mines is undertaking a feasibility study reestablishing traditional iron ore mining operations of these deposits, envisaging open pit mining, screening/washing ore to achieve grade in mid 60% Fe, producing direct shipping lump and sinter ore at initial 2 million tons per year, increasing to 3-5 million tons.
Unlike most new Canadian iron ore projects, Labrador Iron Mines Schefferville project requires modest capital cost, utilizing existing infrastructure, benefiting from historical technical information to reach production.
Labrador, Lump Ore, Sinter Ore, Direct Shipping, Modest Scale, Hematite, Washing, Schefferville, Historic Camp