WISCO has signed an agreement with Canadian miner, Adriana Resources Inc. to jointly develop the LacOtelnuk iron ore program in Quebec, Canada. The mine has a total reserve of 6 billion mt of magnetic concentrate with 30% iron content. The company is also planning to develop the Mbalam iron ore deposit in Cameroon, Africa. This mine consists of hematite iron ores with 30 to 40% percent iron content. The deposit will produce content for the next 25 years, with an annual production capacity of 35 million mt. It has a prospective reserve of 200 million mt.
