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Tacora resources inc.

4.1· 8 reviews
Average ratingGreat
4.1/ 5

Based on 8 reviews

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About Tacora resources inc.

Tacora Resources Inc. is an iron ore mining and development company focused on the acquisition and revitalization of iron ore assets. With operations in Canada and Norway, we pride ourselves on operating in the most progressive jurisdiction in the world.

Tacora Resources Inc. is a leading iron ore mining and development company that specializes in the acquisition and revitalization of iron ore assets. With operations in Canada and Norway, Tacora Resources has established itself as a major player in the global mining industry.

The company's mission is to create value for its shareholders by developing high-quality iron ore assets that are located in progressive jurisdictions around the world. Tacora Resources is committed to sustainable development practices, which means that it operates its mines with minimal impact on the environment while also ensuring that its employees are safe and well-cared for.

One of Tacora Resources' key strengths is its team of experienced professionals who have decades of experience in the mining industry. The company's management team has a proven track record of success, having successfully developed and operated numerous mines around the world.

Tacora Resources' flagship asset is the Scully Mine, which is located on Newfoundland's Bell Island. The mine was originally opened in 1965 but was closed down in 2014 due to low iron ore prices. In 2017, Tacora Resources acquired the mine with a view to revitalizing it and bringing it back into production.

Since acquiring Scully Mine, Tacora Resources has invested heavily in upgrading its infrastructure and equipment to ensure that it meets modern safety standards while also improving efficiency. The company has also worked closely with local communities to ensure that they benefit from the mine's operations through job creation and economic development initiatives.

In addition to Scully Mine, Tacora Resources also owns several other high-quality iron ore assets around the world. These include two mines located in Norway – Sydvaranger Gruve AS (SV) and Rana Gruber AS (RG) – as well as an exploration project located near Wabush Lake in Labrador West.

Tacora Resource's Norwegian operations are particularly noteworthy because they operate under some of Europe's most stringent environmental regulations while still maintaining profitability. SV produces magnetite concentrate for use as feedstock at steel mills across Europe while RG produces hematite concentrate for use at steel mills across Asia.

Overall, Tacora Resource Inc.'s commitment to sustainable development practices combined with its experienced management team make it an attractive investment opportunity for those looking for exposure to one of today’s most important commodities: Iron Ore!

Address
102 northeast third street
Categories
Mining & metals