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IOC operates a mine, concentrator and a pelletizing plant in Newfoundland and Labrador, as well as port facilities and a railroad. , in which Rio has a 60% interest, is now expected to reach 9.3 million tonnes to 9.8 million tonnes, down from the 10 to 11 million tonnes Rio Tinto set in July.
Rio Tinto noted that shipments may remain disrupted until year-end, as repairs are carried out on the sections of the rail line that were damaged by the fires.The IOC’s mine in Newfoundland and Labrador produces relatively clean iron ore output, which commands a premium. The company also runs a concentrator, a pelletizing plant, which produces small balls of iron ore used in the production of steel.
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