 | |
| Company type | Private |
|---|---|
| Industry | Mining |
| Founded | (1949) Wilmington, Delaware, United States |
| Headquarters | Montreal, Quebec, Canada |
Key people | Mike McCann, President |
| Products | Iron ore |
| Revenue |  US$2.471 (2011) |
| Owner | Mitsubishi and Rio Tinto |
Number of employees | 1,900 (2005) |
| Website | www |
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]