New mining pit in Labrador west extends IOC’s mine operations 50 years (CBC News Newfoundland and Labrador – September 25, 2018)

https://www.cbc.ca/news/canada/newfoundland-labrador/

The Moss Pit has officially opened at the Iron Ore Company of Canada’s Labrador City mine. IOC says the $79-million investment is not a massive hole in the ground yet, but as it is scooped out it will allow the company to speed up production and extend the life of the mine by about 50 years — and at a reduced operating cost.

“It’s been a long time coming. A little over five years,” said Clayton Walker, president and CEO of Iron Ore Company of Canada. Walker said it’s the right time to invest, feeling that support is in place from stakeholders, government, employees, local unions and there’s confidence in the market.

“I’ve been really pleased with how everyone has come back, we got back to work, everyone’s working hard,” he said, referencing the labour-management dispute which started at the mine last winter and stretched into spring.

“I couldn’t be any happier with the response that we’ve had as people come back to work, positive attitude, and I think you can kind of feel it in the community. There’s a bit of buzz about the place and I’m excited by that.”

The pit is named in honour of A.E. Moss, who played a leading role in the initial exploration and development of mining operations now run by IOC.

For the rest of this article: https://www.cbc.ca/news/canada/newfoundland-labrador/mining-pit-labrador-1.4837731

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