04
Mar
15:46
Labrador seeks cost cuts to combat low prices
Toronto, Ontario-based Labrador Iron Ore Royalty Corporation (LIORC) is pushing its associated mining companies to keep costs low. This is to deal with an anticipated weak and variable global iron ore market, Kallanish learns from the company’s year-end earnings review.
Labrador posted net income in 2015 of C$54.7m (US$40.83m), down from a profit of C$104.1m in the year prior. The company holds a 15.10% interest in the Iron Ore Company of Canada (IOC) and …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous