Overview

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Iron Ore Company of Canada is a Canadian-based producer of iron ore. The company was founded in 1949 from a partnership of Canadian and American M.A. Hanna Company. It is now owned by a new consortium, including the Mitsubishi and Rio Tinto corporations. Based in Montreal, Quebec, IOC currently has mining and concentrator operations in Labrador City, Newfoundland and Labrador, and operates the Quebec North Shore and Labrador Railway to ship ore concentrate from the mines to the port of Sept- les, Quebec. During 1977 to 1983, the president of the company was Brian Mulroney, who later served as Canadian Prime Minister from 1984 to 1993. The industry and market of Iron Ore is an investment in the long run no doubt. Because Iron Ore is a key commodity in steel making, anything that has to do with steel, such as the cars we drive and other ways of transportation, would not be possible without it. As for management, Terence Bowles, who was the President and Chief Executive Officer of the Iron Ore Company of Canada for over 8 years as well as being related to the Rio Tinto companies for 36 years.

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