The Knob Lake Iron Ore Deposits
IN JULY 1954, the first iron ore from the deposits in the Knob Lake vicinity was mined and shipped to Seven Islands. The beginning of the production may well be the greatest advance in Canadian economy in the past fifty years. In 1955, the Canadian iron ore output was more than twice that of 1954, an increase due principally to the iron ore shipments from the Knob Lake area. Previous to this, Canada's iron production was 1.85 per cent of the world's output. Now, this percentage has risen to approximately 5.5 per cent and shows every indication of increasing further as the production rate from the area is increased.