Newspaper article The Canadian Press

Labrador Iron Mines Says 2012 Production Target Intact despite 5-Day Blockade

Newspaper article The Canadian Press

Labrador Iron Mines Says 2012 Production Target Intact despite 5-Day Blockade

Article excerpt

Labrador Iron maintains target after blockade

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TORONTO - Labrador Iron Mines Holdings Ltd. (TSX:LIM) says there was minimal operational impact from last week's five-day blockade by local community members near its operations on the Quebec-Labrador border.

The Toronto-based company says a mill temporarily stopped processin during the blockade but iron ore continued to be loaded and transported by rail to the Port of Sept-Iles, Que.

Labrador Iron says it expects to achieve its 2012 production target.

The company says the blockade ended without incident after the protesters reached an agreement with leaders of two First Nations bands, the Innu Matimekush-Lac John and the Naspaki Nation of Kawawachikamach.

Labrador Iron spokeswoman Keren Yun says the company wasn't involved with negotiations to end the protest, which was against the Quebec government's Plan Nord.

Plan Nord aims to develop a 1.2-million-square kilometre stretch of Quebec's north over the next 25 years through new mining and energy production projects. …

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