Iron Ore Company of Canada

Iron Ore Company of Canada
Company typePrivate
IndustryMining
Founded(1949) Wilmington, Delaware, United States
HeadquartersMontreal, Quebec, Canada
Key people
Mike McCann, President
ProductsIron ore
RevenueIncrease US$2.471 (2011)
OwnerMitsubishi and Rio Tinto
Number of employees
1,900 (2005)
Websitewww.ironore.ca

Iron Ore Company of Canada (often abbreviated to IOC) (French: Compagnie Minière IOC) is a Canadian-based producer of iron ore. The company was founded in 1949 from a partnership of Canadian and American firms, the largest being the M.A. Hanna Company. It is now owned by a consortium that includes the Mitsubishi and Rio Tinto corporations. Rio Tinto is the majority shareholder in the venture, with 58.7% of the joint stock as of October 2013.[1] Mitsubishi controlled 26.2% of the investment as of March 2013.[2]