Labrador Iron Ore Royalty Corporation operates in the Investment offices sector. Labrador Iron Ore Royalty Corporation (LIORC), formerly Labrador Iron Ore Royalty Income Fund, owns interests in Iron Ore Company of Canada (IOC), which operates a major iron mine near Labrador City, Newfoundland and Labrador. The Corporation through its wholly owned subsidiary, Hollinger Hanna Limited, held a 15.10% interest in IOC. IOC's principal business is mining the iron ore present on the IOC Lands leased under the Labrador Sublease and operating the associated mining facilities and plants required for the production of iron ore concentrate and pellets. LIORC holds 12 long-term leases and six licenses from the government of Newfoundland and Labrador covering approximately 18,200 hectares of land near Labrador City. On July 1, 2010, the Fund completed its conversion to the Corporation. In
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