https://www.engineeringnews.co.za

Champion seals long-term rail transport pact

20th June 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Quebec-based project reviver Champion Iron has attained another milestone in its endeavours to restart mining at the high-grade Bloom Lake iron mine, after its subsidiary Quebec Iron Ore (QIO) reached an agreement with the Quebec North Shore and Labrador Railway Company (QNS&L) to transport iron-ore.

The agreement provides for iron-ore concentrate from the Bloom Lake property to be transported about 400 km on the QNS&L railway from the Wabush Lake junction, in Labrador City, Newfoundland and Labrador, to the Sept-Iles junction in Sept-Îles, Quebec.

“This agreement will ensure long-term access to some of the world’s largest consumers of iron-ore for our future high-quality product. The signing of this rail transport agreement also marks yet another significant milestone in the Bloom Lake restart,” chairperson and CEO Michael O’Keeffe stated on Tuesday.

ASX- and TSX-listed Champion acquired the Bloom Lake assets from Canadian affiliates of US iron-ore producer Cliffs Natural Resources that were subject to bankruptcy proceedings under the Companies’ Creditors Arrangement Act, in April 2016.

Champion holds 63.2% of QIO, with the balance owned by Ressources Quebec, acting as a mandatory of the Quebec provincial government.

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.062 0.115s - 156pq - 2rq
Subscribe Now