Labrador going full speed ahead with Houston development
Canadian miner Labrador Iron Mines (LIM) is progressing work on Stage 2 of its planned direct shipping ore mining operations, which involves the development of the Houston project, in Labrador, Quebec.
LIM chairperson and CEO John Kearney says this decision came in light of persistently stronger iron-ore prices over the last two years, as well as increased expressions of interest from potential offtakers seeking iron-ore supply.