The Iron Ore Company of Canada (IOC) is a leading producer of iron ore in North America. Established in 1949, it operates a mine and processing facility in Labrador City, Newfoundland and Labrador. IOC is known for its high-quality iron ore pellets, which are essential for steel production. IOC is a subsidiary of the multinational mining company Rio Tinto, which holds a significant stake in its operations. The company plays a crucial role in the local economy, providing jobs and contributing to the community while adhering to environmental standards in its mining practices.