Labrador Iron Ore Royalty Hires Advisors

  • Sunday, April 7, 2013
  • Source:

  • Keywords:iron ore
[Fellow]Labrador Iron Ore Royalty Corp said on Friday it h
[Ferro-alloys.com] (Reuters) Labrador Iron Ore Royalty Corp said on Friday it has hired advisors to consider a possible sale or other strategic options.
 
It said the process was a response to media reports that Rio Tinto is considering selling its stake in Iron Ore
Company of Canada (IOC) is Canada's largest iron ore producer. Labrador Iron Ore owns a 7 percent royalty interest in IOC, and a 15.1 percent equity stake.
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