The Lac Otelnuk mine is Quebec's largest
iron
Iron () is a chemical element with symbol Fe (from la, ferrum) and atomic number 26. It is a metal that belongs to the first transition series and group 8 of the periodic table. It is, by mass, the most common element on Earth, right in f ...
mine project with NI 43–101 compliant estimated reserves of 23.74 billion tonnes of ore grading 29.65% iron metal.
In 2005 Bedford Resource Partners staked 129 claims over the deposit and optioned it to Adriana Resources. In 2012, 60% ownership of the iron deposit was sold to Wuhnan Iron and Steel Co. (WISCO). More than $150 million in expenditures have been invested in the exploration, all studies, the 2015 NI 43-101 compliant feasibility study and the formation of the Lac Otelnuk mining Company between Adriana Resources Inc and WISCO.
In 2017, Baosteel merged with WISCO and Adriana Resources merged with Sprott Holdings.
Further details can be obtained bycontacting Lac Otelnuk Mining LTD
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See also
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List of mines in Canada
The following lists of mines in Canada are subsidiaries to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output and province. For practical purposes stone, marble and ot ...
References
Iron mines in Canada
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