FC
LIORC
Project information
As at 31 December 2024
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Rio Tinto plc
Operator name:
Rio Tinto plc
Country:
Canada
Country:
Canada
Region:
Newfoundland and Labrador
Region:
Newfoundland and Labrador
Geological province:
Labrador Trough
Geological province:
Labrador Trough
Interest conditions:
The investment in LIORC functions similar to a royalty given the flow through of revenue generated from LIORC’s underlying 7% gross overriding royalty interest (0.7% attributable), C$0.10 per tonne commission (C$0.01 per tonne attributable), and 15.1% equity interest (1.5% attributable) in Iron Ore Company of Canada’s Carol Lake mine.
Description
As at 31 December 2024
Franco-Nevada holds a 9.9% equity investment in Labrador Iron Ore Royalty Corporation (LIORC). IOC produces high grade +65% Fe iron ore concentrate for sale and pellets with a reserve-only +20-year mine life and a large mineral resource supporting further extensions. IOC has nominal capacity of 23.3 Mtpa.
Royalty interests
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2024
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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