Iron Ore Co. announces $300M expansion for Labrador

The Iron Ore Company of Canada, together with its parent company Rio Tinto, announced Thursday a $300-million expansion to its Labrador City operations. The expansion, announced in St. John's, is the second wave of money poured into the company's operations since March, when IOC announced $500 million in investments. The $800 million will bring 200 permanent jobs to the region as well as 250 jobs during the... [read full story]