Of all the impressive mining potential Newfoundland and Labrador possesses, perhaps none is greater than what is held in the Big Land.
The Labrador region is already world-renowned for the various iron ore operations along its section of the Labrador Trough, a belt of high-purity iron ore that runs through northeastern Quebec and Labrador West.
That is where the major players like the Iron Ore Company of Canada, along with Tata Steel Minerals Canada Ltd. and Tacora Resources Inc., are already producing iron ore that is commanding premium prices on the world market.
Several other companies are involved with iron ore projects in Labrador that are in the advanced stages and the Government of Newfoundland and Labrador holds mineral rights to a deposit located at Julienne Lake that it would like to see developed.
“Existing reserves and resources suggest the region could see production for many decades to come,” states provincial government literature on the iron ore industry.
Labrador is also home to one of Canada’s most significant mineral deposit discoveries, the nickel, cobalt and copper mine operated by Vale in Voisey’s Bay.
