Consolidated Thompson Iron Mines Signs Rail Transportation Contract With Quebec North Shore and Labrador Railway Companyadmin
August 2, 2008 Filed Under: Iron Ore Mining
Consolidated Thompson Iron Mines Limited announced that it has entered into a transportation agreement with the Quebec North Shore and Labrador Railway Company, Inc. (”QNS&L”) for the transportation of iron ore concentrate generated from the Bloom Lake iron ore project.
The agreement provides that iron ore concentrate from the Company’s Bloom Lake property will be carried on the QNS&L railway from the Wabush Lake Junction in Labrador City, Newfoundland & Labrador to the Sept-Iles Junction in Sept-Iles, Quebec, a distance of approximately 400 kilometers.
Richard Quesnel, President and Chief Executive Officer of Consolidated Thompson said, “We are very pleased to have signed a confidential rail transport agreement with QNS&L, an outstanding and well-recognized rail transporter. This agreement will ensure long-term access to the world’s largest consumers of iron ore for our future high quality product. The signing of this rail transport agreement also marks a significant milestone in the development of the Bloom Lake property.”
Consolidated Thompson Iron Mines Limited is a Canadian corporation that is devoted to exploring, developing and mining mineral deposits. The Company has approximately 119.0 million shares outstanding, and trades on the Toronto Stock Exchange under the symbol “CLM”. For more information, visit www.consolidatedthompson.com.