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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Cash Payments for Deposits by Banks and Customers


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What is Labrador Iron Ore Royalty Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Cash Payments for Deposits by Banks and Customers
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Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.