Iron Ore Company of Canada, incorporated 1949 by Labrador Mining and Exploration and Hanna Mining interests to exploit the some 400 million t of open-pit IRON ORE
reserves proved in central Québec and Labrador in the late 1940s. In order to bring the ore to the port of SEPT-ÎLES
on the St Lawrence R, the company undertook construction of the QUEBEC NORTH SHORE & LABRADOR RY
(573 km long, completed 1954), 2 hydroelectric power stations, a huge shipping terminal at Sept-mine sites, and the townsites of Sept-Îles and SCHEFFERVILLE
. Construction required a huge airlift, 13 landing strips and some 6900 workers. The first shipment of ore left Schefferville 15 July 1954. The company opened mining facilities, a crushing plant, a pellet plant and offices in LABRADOR CITY
in the early 1960s. In 1954-55 IOC built facilities at CONTRECOEUR
, on the S shore of the St Lawrence between Québec and Montréal, to transfer ore to lake carriers. The transfer was no longer necessary after the opening of the ST LAWRENCE SEAWAY
, but the docks are still used. In 1983 the company shut down its Schefferville operations.
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