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Labrador Iron Mine Affected by Events in China

Expansion, exploration, and “boom” are the buzz words in the mining industry these days. In Labrador West a new mine is under development and others are growing. Further North near Schefferville there are several new operations just starting up to meet the world demand for ore. But Labrador Iron Mine says it has to start cutting costs. and it’s all because of what’s going on in China. CBC’s Mike Power asked Chief Operating Officer Rod Cooper to explain why.

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