Fermont Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
CIA | D | Champion Iron Limited | 4.47 | |
VDO.H | F | Nevado Resources Corporation | 0.00 |
Related Industries: Industrial Metals & Minerals Other Industrial Metals & Mining
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
ZXM | C | First Asset Morningstar International Momentum Index ETF | 0.71 | |
VXM | D | First Asset Morningstar International Value Index ETF | 0.57 |
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- Fermont
Fermont is a town in northeastern Quebec, Canada, near the Quebec-Labrador border about 23 kilometres (14 mi) from Labrador City on Route 389, which connects to the Trans-Labrador Highway (Newfoundland and Labrador Route 500). It is the seat of the Regional County Municipality of Caniapiscau.
Fermont (French contraction of "Fer Mont", meaning "Iron Mountain") was founded as a company town in the early 1970s to exploit rich iron ore deposits from Mont Wright, which is about 25 kilometres (16 mi) to the west from the town site.
The town is notable for the huge self-contained structure containing apartments, stores, schools, bars, a hotel, restaurants, a supermarket and swimming pool which shelters a community of smaller apartment buildings and homes on its leeward side. The structure was designed to be a windscreen to the rest of the town. It permits residents (other than mine workers) to never leave the building during the long winter, which usually lasts about seven months. The town, designed by Maurice Desnoyers and Norbert Schoenauer, was inspired by similar projects in Sweden designed by Ralph Erskine, notably that of Svappavaara, an iron mining town in Sweden. The building measures 1.3 kilometres (4,300 ft) long and stands 50 metres (160 ft) high.
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