Labrador Iron Mines Holdings reported that the Minister of Environment and Conservation announced that review of the Environmental Impact Statement for the Schefferville Project in Western Labrador has been completed. The Minister has confirmed that the EIS complies with the Environmental Protection Act and requires no further work under the Provincial environmental assessment process.
Labrador Iron Mines Holdings announced that the 2009 field work season is underway at its Schefferville iron ore project in Western Labrador, Canada. The program is focused on mine planning for production start-up targeted for mid-2010. The 2009 program which commenced on June 3, 2009 will comprise a total of 6,000 metres of drilling, including some infill drilling identified from the 2008 program. In addition, a 3,000 metre trenching and sampling program will be carried out in conjunction on these areas to determine the width of the various mineralized zones.
Further significant progress has been made with the development of the Labrador iron project and its move towards first production of direct shipping lump and sinter fines iron ore, scheduled for 2009. 8,000 tonne bulk sample was mined and crushed.
The proposed project will involve the open pit mining from one deposit initially at a rate of 5,000 tonnes per day, using a mining contractor, over a period of 8 months per year, to be followed by a washing and screening process, which will separate the mined material into lump and fine sinter ore, which will then be loaded on to rail cars for transportation to the port of Sept Iles for onward shipping, either to Europe or the Far East. First production is expected in 2008.
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