New Wabush 3 Site Extends Life of Mine by 50 Years

New Wabush 3 Site Extends Life of Mine by 50 Years

 

 

The opening of the brand new mining pit, Wabush 3, is a historical event for the mining sector in this province. Through an investment made by the Iron Ore Company of Canada (ICO)  and partnerships with community stakeholders, your Liberal government of Newfoundland and Labrador is continuing to deliver on promises made in the Way Forward and strengthening our economy.

Wabush 3

Grand opening of IOC Wabush 3. September 25, 2018.

The Importance of Wabush 3

Wabush 3 will extend the life of the site by an estimated 50 years and, as a result, provide more local jobs and more spin-off for local businesses. MHA for Labrador West and Parliamentary Secretary for Natural Resources, Graham Letto, encapsulated the sentiment felt that day.

The development of Wabush 3 provides long term sustainability for IOC and the people of Labrador West. This investment is a significant commitment that will secure the life of the operation for many years into the future.” – Graham Letto, MHA for Labrador West

Premier Ball and Siobhan Coady, Minister of Natural Resources, also joined in celebrating this momentous occasion.

I would like to thank the Iron Ore Company of Canada for their continued investment in Labrador and our province. Wabush 3 will extend production, resulting in more than 50 years of additional mining activity, more jobs and more spin-off benefits for local businesses.” – Premier Dwight Ball

We recognize the importance of the Wabush 3 project for sustaining operations at Iron Ore Company of Canada and for contributing to the economy of our province. We are committed to further building the Labrador Trough.” – Minister Siobhan Coady