Canada's pellet producer, Iron Ore Company of Canada (IOC) announced on Mar 9 that Locals 5795 and 6731 in Labrador City ratified IOC's proposal for the renewal of a six-year collective bargaining agreement. This agreement will support IOC's future expansion plans, enhance productivity, reduce costs and allow IOC operational flexibility that the company need to deliver on critical things.|
IOC is a leading Canadian producer of iron ore concentrate and iron ore pellets serving customers worldwide. The Company operates a mine, concentrator and a pelletizing plant in Labrador City, Newfoundland and Labrador, as well as port facilities located in Sept-Iles, in the Province of Quebec. It also operates a 418-kilometer railroad that links the mine to the port.