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Consolidated Thompson gets railway permit, inks iron-ore sales contract
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4th May 2010
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TORONTO (miningweekly.com) – Montreal, Quebec-based Consolidated Thompson Iron Mines has completed construction of a 31-km railway from the load-out facilities at the company's Bloom Lake mine, to Wabush, in Labradow, and has been given a permit from the provincial government to haul iron-ore over the railway.

Production at Bloom Lake started in December last year, and the company has produced and stockpiled 200 000 t to date of high-grade iron-ore concentrate, and will now start transporting concentrate over the new railway.

The company has also signed a confidential iron-ore purchase agreement to sell and deliver at least 250 000 t of concentrate this month to Arnaud Junction, in Sept-Iles, Quebec, it reported.

Consolidated Thompson is still completing the construction of port facilities at Pointe-Noire and the necessary railway improvements at Arnaud Junction.

Edited by: Liezel Hill

 

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