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Profits, production plummet at IOC as it aims for ‘strategic operational reset’

Summary by CBC News
Labrador City’s iron ore mine is experiencing a downward slump in both profits and production, according to its latest financial update — and it will take years to address.

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Profits, production plummet at IOC as it aims for ‘strategic operational reset’

Labrador City’s iron ore mine is experiencing a downward slump in both profits and production, according to its latest financial update — and it will take years to address.

·Ottawa, Canada
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CBC News broke the news in Ottawa, Canada on Tuesday, August 11, 2026.
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