Similarly,
Improvement north coast rail network::
The Champion IRON company sees a good eye the improvement of the. Furthermore, North Coast rail network which was mentioned Tuesday by Prime Minister François Legault.
In an interview at TVA Nouvelles. Similarly, the CEO of Champion Iron, David Cataford demonstrates enthusiasm in the face of this project. Similarly, This mining company wants to increase its production, but is limited in its transport capacity.
Champion Iron has been exploiting for seven years the iron mine of Lake Bloom near Fermont via his Quebec. Furthermore, iron Mining branch.
It produces 15 million tonnes per year. Moreover, plans the operation of a new deposit which would add 9 million tonnes to its production.
A contract with the railway belonging to Riotinto Ioc allows it to transport its concentrate of iron to the. Therefore, port of Sept-Îles. In addition, But if the expansion project improvement north coast rail network: is carried out, its transport needs will increase considerably.
The champion president Iron very favorably welcomes the remarks made by the Prime Minister of Quebec on Tuesday.
François Legault indicated that he wanted to improve the rail network of the North Shore by a potential connection of the two existing railways. that of ArcelorMittal connecting Port-Cartier and Fermont and that belonging to Riotinto Ioc connecting Sept-Îles to Labrador City.
By connecting these two railways to the south. north, a loop would be created and the traffic of trains would be more fluid. The idea has already been studied. The Prime Minister of Quebec revives her and believes that the Federal could participate in funding for this project.
“There are trains that meet, it’s not effective,” said Legault. It would be better to have a loop. At Sept-Îles, the capacity of the port must be increased. These are beautiful projects that improvement north coast rail network: qualify in the investments that Mark Carney wants to make. ”
David Cataford is very favorable to such a project which would allow him to increase the transport capacity. of his concentrate.
Moreover. the company has a small 30 -kilometer railway which would be used to establish the connectivity of the rail network to the north.
“Definitely, this is something that will interest us,” he said. Our goal is to work with the government to be able to deliver these studies. possibly increase the logistical capacity of the region. ”
The idea of improving the rail network comes when the IRON company Iron has established a partnership for its expansion project with one of the most important steel producers in the world. Nippon Steel and Sojitz Corporation. They will hold 49% of the Kami project in exchange for $ 245 million which will be invested in a feasibility study.
“The improvement north coast rail network: participation of the Japanese will allow us to complete the feasibility study. to complete the process to seek permits to exploit the project and possibly bring us towards the end of 2026 or in early 2027, to make a final investment decision,” said Cataford.
IRON champion estimates the investments required for this project at $ 4 billion.
As for François Legault, he seems to have Sept-Îles in his sights for important infrastructure projects. He caused the surprise two months ago by evoking the idea of building an oil pipeline in the north. of the province to the port of Sept-Îles to send Albertin oil.
Improvement north coast rail network:
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