Company News: Labrador Iron Mines
Updated: 14 Mar 2011
Construction of the beneficiation plant, associated facilities and accommodations camp has progressed rapidly since early September and is nearing completion. The beneficiation and processing plant is now constructed and erected in place, including the primary and secondary crushers, screens, scrubbers, stackers and conveyers. As a result of recent progress, the Company believes that it is on track to commence mining and processing activities in Spring 2011.
At December 31, 2010, the Company had $28 million in cash and cash equivalents with no debt.
Financial Information
- Toronto
- Ontario
- M5J 2W4
- Canada
Most Recent Company News
- Labrador changes - 25 Nov 2011 3:33pm
Labrador Iron Mines Holdings Ltd has appointed Rod Cooper as its president and chief operating officer (COO) from December 1 Read more... - Labrador to develop iron ore through placement - 08 Apr 2011 11:51am
Labrador Iron Mines Holdings Ltd, in which AIM-listed Anglesey Mining plc owns a 41% share, has secured an agreement to raise C$110 million for further development of its Canadian properties Read more... - Denault estimate - 11 Mar 2011 11:22am
Labrador Iron Mines Holdings Ltd has updated a resource estimate for the Denault iron-ore deposit near Schefferville in Quebec, according to 41%-owner Anglesey Mining plc Read more... - Labrador Iron Mines strikes deal with locals - 10 Sep 2010 10:54am
Labrador Iron Mines Holding Ltd (LIM) has reached an agreement with First Nation (Innu) leaders in western Labrador and north-east Quebec to remove barriers that have been restricting access to the company’s iron-ore projects around the town of Schefferville Read more...
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