Iron Ore Company of Canada

Iron Ore Company of Canada

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.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]