Labrador Iron Ore Royalty Corporation (“LIORC”) has four officers and operates within a small office or uses work from home arrangements in Toronto, Canada. LIORC is an investment company, whose investments all relate to Iron Ore Company of Canada (“IOC”) and consist of a 15.1% equity interest in IOC, and a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC. LIORC does not control or operate IOC. However, LIORC is indirectly exposed to social and health and safety risks arising from IOC’s operations.
LIORC promotes health and safety, diversity and inclusion and an environment free of discrimination and harassment in the workplace as well as the fundamental rights, freedoms and standards of treatment to which all people are entitled.
LIORC is committed to its core values of honesty, responsibility and fairness. We have a Code of Conduct which covers a wide range of ethical business practices and procedures including conflicts of interest, fair dealing, bribery and corruption. The Company has a Whistleblower Policy to encourage and enable our people to raise serious concerns regarding any breach of law, rule or regulation or violation of any of our policies.
LIORC Code of Business Conduct and Ethics