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Champion Iron Subsidiary Quebec Iron Ore Signs Rail and Port Access Agreement With Societe Ferroviaire et Portuaire de Pointe-Noire
Oct. 13, 2017 09:46AM PST
Base Metals Investing Champion Iron (ASX: CIA) (TSX: CIA) (the “Company,” or “Champion”) is pleased to announce that its subsidiary Québec Iron Ore Inc. (“QIO”) has entered into a rail transportation and port-facilities access agreement (the “Agreement”) with the Société Ferroviaire et Portuaire de Pointe-Noire (“SFPPN”) for the transportation, unloading, stockpiling and loading of iron ore concentrate from Sept-Iles to …
Champion Iron (ASX: CIA) (TSX: CIA) (the “Company,” or “Champion”) is pleased to announce that its subsidiary Québec Iron Ore Inc. (“QIO”) has entered into a rail transportation and port-facilities access agreement (the “Agreement”) with the Société Ferroviaire et Portuaire de Pointe-Noire (“SFPPN”) for the transportation, unloading, stockpiling and loading of iron ore concentrate from Sept-Iles to Pointe-Noire, Québec.
Michael O’Keeffe, Chairman and Chief Executive Officer of Champion and QIO said:
“We are very pleased to have signed a rail transport and port-facilities agreement with SFPPN as this provides us with a key component in our logistics strategy, which will ensure long-term access to some of the world’s largest consumers of iron ore for our future high-quality product.
The signing of this agreement also marks yet another significant milestone in the Bloom Lake restart.”
Champion previously announced (See June 20, 2017 press release) that QIO had entered into an agreement for the rail transportation of iron ore from its Bloom Lake property to Sept-Iles.
Click here to read the full text release.