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Mining Weekly reports that New Millenium Iron (CVE:NML) could be producing 100-million tons to 150-million tons of iron-ore yearly in the next 10 to 15 years.
Mining Weekly reports that New Millenium Iron (TSXV:NML) could be producing 100-million tons to 150-million tons of iron-ore yearly in the next 10 to 15 years.
New Millennium’s CEO, Dean Journeaux says,
In ten years or so, we could very well be the biggest producer in the area.
The market news is quoted as saying,
And with iron-ore output from the Labrador Trough set to explode over the next decade, New Millennium aims to play a major role in that growth.
Journeaux said the company, which changed its name from New Millennium Capital last month, hopes to become the biggest producer in the Labrador Trough in a decade.