BIG IN­VEST­MENT

The Western Star - - Front Page -

Af­ter sev­eral years of an­tic­i­pa­tion, work has fi­nally started on the Iron Ore Com­pany of Canada’s (IOC) Wabush 3 project. Dex­ter Min­ing of Labrador West has been awarded the pri­mary earth­works con­tract to build the new min­ing pit. Dex­ter will em­ployee about 70 peo­ple on the project. The earth­works project will in­clude tree clear­ing, a sed­i­ment fence, over­bur­den re­moval, de­vel­op­ment drilling and blast­ing, and con­struc­tion of cul­verts, pipe­lines, roads, a berm and a sed­i­ment pond.

In a news re­lease from Rio Tinto, the com­pany says the new pit will strengthen the sus­tain­abil­ity of the op­er­a­tion, which will ex­tend the life of the mine and ben­e­fit fu­ture gen­er­a­tions in Labrador West.

The first ore from the pit is ex­pected in the sec­ond half of 2018. Wabush 3 is ad­ja­cent to the Luce pit. Rio Tinto say Wabush 3 will also re­duce op­er­at­ing costs and in­crease pro­duc­tion of qual­ity grade iron ore con­cen­trate and pel­lets. The project, ap­proved this spring, is a $79-mil­lion in­vest­ment by the com­pany.

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