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Labrador Iron Ore Royalty Income Fund - minephoto from source. ()
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Iron Ore shareholder Labrador Iron faces activist pressure
BOYD ERMAN
— The Globe and Mail
Published
Last updated
The sale of Iron Ore Co. of Canada, put in play by majority shareholder Rio Tinto, may also lead to bids for one of Canada’s sleepier companies, where an activist is seeking to wake up some value.
Rio Tinto owns 59 per cent of IOC and is looking for buyers. That raises the stakes for Labrador Iron Ore Royalty Corp., which owns 18 per cent of IOC.
