LIM Second Quarter and Half Year Results Update on Project

Labrador Iron Mines (TSX:LIM) announced its’ results for Q2 and six months ended September 30, 2010.

The press release is quoted as saying:

During the quarter and six months ended September 30, 2010 the Company invested $2,014,537 and $3,294,549, respectively, in its mineral properties, and also invested $3,401,634 and $10,204,731, respectively, in property, plant and equipment. The substantial increase in investment in property, plant and equipment was due to the significant investment in processing equipment and rail spur line and to procurement and commencement of construction of the processing plant for LIM’s direct shipping iron ore project in western Labrador.

To access the full press release, click here.