New Millennium Iron, Tata Steel Announces Joint Venture

New Millennium Iron Corp. (TSX:NML) announced a joint venture with Tata Steel Minerals Canada Ltd has started initial mining of saleable iron ore and is stockpiling the metal.

As quoted in the press release:

The Corporation controls the emerging Millennium Iron Range, located in the Province of Newfoundland and Labrador and in the Province of Quebec, which holds one of the world’s largest undeveloped magnetic iron ore deposits. In the same area, the Corporation and Tata Steel Limited, one of the largest steel producers in the world, are advancing a DSO Project to near term production. Tata Steel Limited owns approximately 26.5% of New Millennium and is the Corporation’s largest shareholder and strategic partner.

Click here to read the New Millennium Iron Corp. (TSX:NML) press release.