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Feb 26 (Reuters) - Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.
The funding from the government's Low-Carbon Economy Fund will enable Rio Tinto's Iron Ore Company of Canada (IOC) to reduce the amount of heavy fuel oil that is used in the production of iron ore pellets and concentrate.
The government funding represents about 25% of the total cost of the project, with IOC funding the rest of t...
>>> Read more: Rio Tinto gets C$18 mln from Canada to decarbonize iron ore processing
The funding from the government's Low-Carbon Economy Fund will enable Rio Tinto's Iron Ore Company of Canada (IOC) to reduce the amount of heavy fuel oil that is used in the production of iron ore pellets and concentrate.
The government funding represents about 25% of the total cost of the project, with IOC funding the rest of t...
>>> Read more: Rio Tinto gets C$18 mln from Canada to decarbonize iron ore processing
