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Labrador Iron Ore Royalty Corporation, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland. IOC engages in producing, processing, and shipping iron ore pellets, including acid pellets, fluxed pellets, and direct reduction pellets, as well as iron ore concentrate to various markets in North America, Europe, the Middle East, and the Asia–Pacific region.