Tata Steel Minerals Canada LimitedTata Steel Minerals Canada Limited (TSMC) is a joint venture established in October 2010 by Tata Steel Ltd. and New Millennium Iron Corp.(TSX: NML). Tata Steel owns 80% and NML owns 20% stake in the company. TSMC is part of Tata Steel Group of companies which is a Fortune 500 company and is among the top 10 producers of steel in the world.
Alderon is a development company with an iron ore project located next to the mining towns of Wabush and Labrador City in Western Labrador, Canada. The property is also surrounded by three producing mines and is within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.