LIORC, Canada / Iron ore
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Mined and produced in Newfoundland and Labrador, Canada, the pellets are transported 418km by rail to the port at Sept-Îles, Quebec, where they are shipped to various markets throughout the world.
Stage
Producing
Commodity
Iron ore
Operator
Rio Tinto
Location
Canada
Royalty rate and type
Indirect interest in 7% GRR
Balance sheet classification
Royalty financial instrument
Ecora holds a small equity interest in Labrador Iron Ore Royalty Corporation (LIORC), a Toronto-listed company which holds both a royalty and equity interest in the Iron Ore Company of Canada (IOC) operations. This entitles LIORC to revenue from its 7% gross revenue royalty (along with a small commission) on sales from the operation, along with dividend income from its equity stake.