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IOCC is 58.7% owned by mining-giant Rio Tinto, with Japanese mega-company Mitsubishi Corporation holding 26.2%, and the Labrador Iron Ore Royalty Income Corporation claiming the remainder. Preliminary production at James focuses on waste removal from the mine's historic pit in order to establish the required ore release needed for ramp-up.
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WhatsApp: +86 18221755073The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 3.08% higher at 888 yuan ($122.55) a metric ton, its highest since March 8.
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