Quebec Iron Ore inks rail, port pact (10/17/2017)


Champion Iron Ltd. subsidiary Quebec Iron Ore Inc. (QIO) has entered into a rail transportation and port-access agreement with the Societe Ferroviaire et Portuaire de Pointe-Noire (SFPPN) for the transportation of iron ore concentrate from Sept-Iles to Pointe-Noire, Quebec.

The agreement covers the transportation, unloading, stockpiling and loading of iron ore concentrate, according to a press release issued by Champion Iron.

"We are very pleased to have signed a rail transport and port-facilities agreement with SFPPN as this provides us with a key component in our logistics strategy, which will ensure long-term access to some of the world's largest consumers of iron ore for our future high-quality product," said Michael O'Keefe, chairman and chief executive officer of Champion and QIO.

The agreement advances an agreement QIO signed in June for the rail transportation of iron ore from the company's Bloom Lake mine to Sept-Iles, Quebec, O’Keefe said.

Source: Progressive Railroading Daily News