Iron Ore Co. of Canada is temporarily idling three of six pelletizing lines at its Labrador City, Newfoundland and Labrador, plant due to falling demand and prices for iron ore pellets.The decision was "based on the decline in the price for pellets and projections for a subdued market in 2016," a spokeswoman for the Montreal-based company told AMM via e-mail. Iron Ore Co. of Canada is majority owned and operated by mining conglomerate Rio Tinto Plc, London.
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