Labrador announces new directors
(Posted on 08/01/20)
Labrador Iron Ore Royalty Corporation is pleased to announce the appointment of Douglas McCutcheon and Dorothea Mell as Directors of the Corporation. The opportunity to add Doug and Dorothea to the Board was created by increasing the number of Directors from six to eight.
Doug has extensive experience working in the finance industry globally, as both an investor and advisor. He is the President of a successful investment management firm, based in Toronto. Previously, he spent 25 years working as an investment banker, advising companies and boards around the world on raising capital and mergers and acquisitions. Dorothea has more than 25 years of experience in the investment industry. Most recently she was a Managing Director and Portfolio Manager at one of Canada's pre-eminent private wealth management firms, where she was responsible for high yield investments. Before that she was a partner at a specialist fixed income asset manager, where she held various senior management roles. Dorothea has considerable experience in negotiating and interacting with various stakeholders, including management, boards, employees, shareholders, debtholders and suppliers. Doug and Dorothea bring complementary knowledge and experience to our Board of Directors.
The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.
Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019... Read more
From February 3rd to 7th, the International Fertilizer Association (IFA) welcomed 170 leaders from the... Read more
Members of the U.S. Grains Council (USGC) arrived in Tampa, Fla., for the organization’s winter... Read more
In 2019, Bühler delivered good performance at Group level, increasing the EBIT margin to 7.6% (... Read more
The World Coal Association (WCA) have been invited to visit the Tomakomai CCS Demonstration Centre in... Read more
RUSAL, one of the world’s major producers of aluminium, has appointed Ayumi Murakami as Representative... Read more
Rusal, one of the world’s largest aluminium producers, has invested approximately 600 million... Read more
Cleveland-Cliffs Inc., the largest and oldest independent iron ore mining company in the United States... Read more
SSY Futures Ltd is pleased to announce that it has arranged the first trade in Mid-Western Aluminium... Read more
ArcelorMittal has been recognised by CDP for its leadership on corporate transparency and action on... Read more