Mining the future: Rio Tinto’s iron ore operations in Labrador City

As majority shareholder in the Iron Ore Company of Canada (IOC), global mining leader Rio Tinto is part of a joint venture that is creating jobs and opportunities in Labrador City, Newfoundland and Labrador. The site mines premium iron ore pellets and high-grade concentrate – products that are sought after in markets around the globe as the world transitions to low-carbon, green steel. Rio Tinto has 35 sites and more than 12,000 employees across Canada. In 2021, the Australia and U.K.-based company spent $5.15 billion in Canada. IOC is a cornerstone of the Labrador City community and one of the region’s largest private employers. Together, Rio Tinto and IOC have made important commitments to reduce carbon emissions. This partnership means continued growth and a sustainable future for the community. For residents, it means training, long-term jobs and ongoing career opportunities that are close to home. This is a big draw for employees who enjoy the tight-knit community and the best of the Canadian outdoors the area has to offer. Within the wider region, Rio Tinto and IOC have committed to developing strong ties and identifying opportunities to partner with Indigenous communities. In 2005, IOC transferred part of its privately-owned railway system between Emeril, Labrador and Schefferville, Québec to Tshiuetin Rail Transportation Inc., a company owned by three First Nations communities. Watch this video to find out why the people of Labrador City are excited about the future of mining in their community, thanks to this investment by Rio Tinto. *** Find out how FDI benefits Canadians: http://ow.ly/EOnh50JxuGK *** Follow Invest in Canada for updates: Twitter:   / invest_canada   LinkedIn:   / invest-in-canada-investir-au-canada