Labrador Iron Mines

Holdings Limited

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February 13,2015

LIM Q3 Results


November 14,2014

LIM Q2 Results

September 18, 2014

AGM Remarks by
John F. Kearney,
Chairman and CEO

September 18, 2014

Positive Drill Results on JV Howse Deposit with TSMC | Planning for Initial Production in 2016

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Labrador Iron Mines (LIM) is engaged in the mining, exploration and development of its portfolio of 20 direct shipping (DSO) deposits located in the Schefferville/Menihek region of the prolific Labrador Trough. Production commenced at the James Mine and Silver Yards plant in 2011 and through to the end of its third operating year, the Company sold approximately 3.6 million dry tonnes (3.8 million wet tonnes) in 23 shipments of iron ore into the Chinese spot market.

LIM did not undertake any mining operations for the 2014 operating season due to a combination of the prevailing low price of iron ore in 2014, an assessment of the current economics of its deposits and a strategic shift in corporate focus towards establishing a lower cost operating framework, while concurrently negotiating the commercial terms of major contracts. LIM's current focus is seeking additional financing and completing a debt restructuring.

The Company is also working on development of the Houston Mine, to be in a position to complete construction and begin mining operations from Houston when market conditions permit, subject to completion of financing and negotiation of major contracts.

The LIM Advantage


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  • 20 Direct Shipping (DSO) iron ore deposits in western Labrador and Quebec
  • Extensive infrastructure in place from previous IOC operations including power, airport, roads, 565km of rail, deep sea port
  • Low capex open-pit mining, technically simple processing
  • High quality lump and fines products suitable for Asian and European markets
  • Growing resource and production profile, over 20+ year mine life

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Iron Ore
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