On February 3, Canada-based Consolidated Thompson Iron Ore Mines Ltd (CLM) announced that it has entered into a renewable 10-year rail transportation agreement with Arnaud Railway Company (ARC), a subsidiary of Labrador-based Wabush Mines, for the transportation of iron ore concentrate generated from the Bloom Lake iron ore project in Quebec/Labrador.
The agreement provides that iron ore concentrate from the Bloom Lake project will be carried on the ARC railway from the Arnaud Junction, where the ARC railway connects with the Quebec North Shore of the Labrador Railway Company, to CLM's unloading facilities located on lands leased from the Port of Sept-Îles located at Pointe-Noire, Quebec.
President and CEO of CLM Richard Quesnel commented, "We are very pleased to have signed a long-term rail transportation agreement with Arnaud Railway Company. The signing of this agreement marks a significant milestone in the completion of the development of the Bloom Lake iron ore mine and also grants Consolidated Thompson access to the world's largest consumers of iron ore."