Blockade lifted at Anglesey mine
Anglesey Mining said a blockade by locals at Labrador Iron Mines (LIM), in which it owns a minority stake, had been lifted after five days.
Anglesey Mining said a blockade by locals at Labrador Iron Mines (LIM), in which it owns a minority stake, had been lifted after five days.
Locals were staging a protest against the Quebec 'resource development plan', also known as Plan Nord.
This economic strategy, launched last year by the government of Quebec, gives the go-ahead for sustainable mining in certain parts of northern Quebec.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company said the blockade had restricted road access from the town of Schefferville to the Canadian mine but operations were minimally impacted.
Anglesey has a 26% stake in LIM, which is Canada's newest iron ore producer.
The firm said the barricade has been removed by agreement and without incident
"LIM will continue to work with the residents of Schefferville and the local aboriginal groups to ensure open and honest dialogue to maintain long-term and mutually-beneficial positive relationships with all stakeholders," it said.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published