LIM Signs Rail Transportation Contract with QNS&L

15 March 2011 (Last Updated March 15th, 2011 18:30)

Labrador Iron Mines Holdings (LIM) has signed a contract with Quebec North Shore Labrador Railway Company (QNS&L) for the transportation of iron ore from LIM's DSO iron ore projects in Quebec, Canada. Under the life of mine confidential rail transportation contract, QNS&L will

Labrador Iron Mines Holdings (LIM) has signed a contract with Quebec North Shore Labrador Railway Company (QNS&L) for the transportation of iron ore from LIM's DSO iron ore projects in Quebec, Canada.

Under the life of mine confidential rail transportation contract, QNS&L will transport LIM's iron ore from Emeril Junction, Newfoundland and Labrador, to Sept-Îles Junction, Quebec on the QNS&L Railway.

The contract provides for a confidential tariff, with various capacity and volume commitments on the part of both QNS&L and LIM.

Iron ore will be delivered from LIM's Silver Yards plant, near Schefferville to Emeril Junction by Tshiuetin Rail Transportation.

LIM will provide haulage railcars and locomotives supplied and operated by QNS&L.