OUR RESOURCES AND PROJECTS
NML has been active in the Labrador Trough for more than twelve years, and over time established control of extensive Taconite and direct shipping ore (“DSO”) properties in the Menihek area, straddling the border between Newfoundland & Labrador, and Québec, near the town of Schefferville.
The area was an operating site for Iron Ore Company of Canada from 1954 to 1982, and has seen considerable exploration and development activity in recent years. Benefits include Schefferville’s civil infrastructure, local and nearby communities, and an airport with commercial service. There is also a railway connection in service to the city of Sept-Îles, Québec, with its well-established iron ore port that readily accesses both the seaborne and St. Lawrence Seaway/Great Lakes markets, and where a new deep-water dock has been constructed.
Beginning in 2011, NML significantly advanced earlier work toward project development with its taconite properties through comprehensive feasibility studies and technical reports on its large KéMag and LabMag taconite deposits carried out with strategic partner Tata Steel Limited, and exploration programs on five other deposits. As a result of these investments, NML controls among the world’s largest certified magnetite resources and has the expertise and flexibility with which to design a market-entry taconite project.
NML is already active in DSO development through a 6% interest in Tata Steel Minerals Canada Ltd. (“TSMC”), which is 94%-owned by TS Global Minerals Holdings, a Tata Steel group company. TSMC is the owner and operator of a DSO project near Schefferville which has commenced production and shipping.
Learn more about our resources and projects:Taconite Resources
ENVIRONMENT & COMMUNITY
NML believes in responsible mining, and its concerns include environmental awareness, the conservation of plants and wildlife and human health.Learn more >