February 4, 2021 By Anthony Capkun
February 4, 2021 – The Iron Ore Company of Canada (IOC) is receiving $40,000 to put in place an energy information system that will enable the producer and exporter of premium iron ore pellets and high-grade concentrate to reduce energy costs and greenhouse gas (GHG) emissions.
“Improving energy efficiency and reducing [GHG] emissions are priorities for IOC,” said Chantal Lavoie, COO, Iron Ore. “The new energy management information system we are implementing—with the support of Natural Resources Canada and Hydro-Quebec—will give us a better picture of our energy consumption and help us identify opportunities to improve our environmental performance while lowering our operational costs.”
Specifically, the money is earmarked for Iron Ore’s Sept-Iles, Que., facility, with the aim of improving its infrastructure and systems for energy use measurement and reporting, while increasing energy efficiency, productivity and “competitiveness in Canada’s mining industry”.
Federal funding is provided by the Energy Efficiency for Industry Program, which offers financial assistance to help fund Canadian industrial facilities’ energy management projects. IOC and Hydro-Quebec also contributed to the project, bringing the total investment to $330,000.
IOC is a Canadian-based producer with operations integrated across a mine and processing plant in Labrador City, N.L., a port and stockpile in Sept-Iles, and a 418-km railway connecting the two.
“Hydro-Quebec supports its customers’ energy efficiency efforts by offering programs that are tailored to their needs. By opting for energy efficiency, our customers improve their profitability and productivity while taking part in the energy transition to a greener economy,” said Éric Filion, president, Hydro-Québec Distribution et Services partagés.
Print this page