QUEBEC - Montreal's Consolidated Thompson Iron Mines has shipped its first boatload of iron ore concentrate from its newly completed Pointe Noire facilities at Sept Iles. The 165,000-tonne shipment is bound for China. The concentrate was produced at the company's new Bloom Lake iron ore mine on the Quebec-Labrador border near Labrador City, NL.
The company will deliver 8 million tonnes of high-quality iron ore concentrate annually to its Asian customers, as part of previously announced sale agreements. The quality of the iron ore concentrate from Bloom Lake is among the best, exceeding the 66% Fe level, according to Consolidated Thompson.
Consolidated Thompson built the mine and concentrator in just three years, and the first concentrates were produced in Q4 2009. The project was built for approximately US$800 million and has an estimated life to 2051. Plans are being studied with the idea of doubling annual production to 16 million tonnes.
Further information is available at www.ConsolidatedThompson.com.