Canada-based iron ore miner Consolidated Thompson Iron Mines has recently announced that it has received written authorization from Newfoundland and Labrador's Minister of Natural Resources to increase the transport of iron ore concentrate over the Bloom Lake railway by an additional 8 million mt per year, bringing the total tonnage to 16 million mt per year.
A company statement said that the corporation continues to implement its plan to double its capacity for mining operations at Bloom Lake by the end of 2012 and expects to initiate construction work for its new process facilities before the end of this year.
Consolidated Thompson also continues to increase production at the Bloom Lake mine at a steady rate and expects to reach a rate of production equivalent to 90 percent of 8 million mt per annum by the end of 2010 and 8 million mt per annum in the first quarter of 2011.