Rail, port deal for Bloom Lake

Montreal-based Champion Iron's Quebec Iron Ore has taken another step towards the restart of the Bloom Lake complex with the inking of a new rail and port access agreement between it and Société Ferroviaire et Portuaire de Pointe-Noire (SFPPN)
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Staff reporter

The deal outlines transportation, unloading, stockpiling and loading of the concentrates from the Sept-Îles to Pointe-Noire in Quebec, Canada.

Quebec Iron Ore  chairman and CEO Michael O'Keeffe noted that the agreement’s signing provides it with a key component in its logistics strategy: ensuring long-term access to the largest global consumers.

Champion confirmed in June it had entered into a rail transportation deal from Bloom Lake to Sept-Îles, and the newest agreement with SFPPN provides a transport option for the remaining distance to the Pointe-Noire port facility.