Survival strategy: every bit counts

CIM Bulletin, Vol. 80, No. 904, 1987
O.P. GARG, M.A. Hanna Company, Cleveland, Ohio
Abstract The Iron Ore Company of Canada (IOC) operations in Labrador and Quebec, in Canada, is among the largest open-pit mining complexes on a world wide basis. Since the 1981-82 recession, IOC has embarked on a comprehensive cost reduction and productivity improvement program in order to survive in the world iron ore market.This paper will outline the approach used in prioritizing the cost reduction items.
Keywords: Open-pit operations, Mineral economics, Cost reduction, Productivity, Iron ore, Iron Ore Company of Canada.
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