BL reported that TATA Steel Minerals Canada, the 80% subsidiary of Tata Steel in Canada, has entered into a “life of mine” rail transportation contract with Quebec North Shore and Labrador Railway Company, a subsidiary of Iron Ore Company of Canada.
The deal, signed recently, allows for the transportation of iron ore from the Direct Shipping Ore Project, owned by TSMC, from Emeril Junction, Newfoundland and Labrador, to Arnaud Junction in Sept-Iles, Quebec.

The rail cars will be provided by TSMC while locomotives will be provided by QNS&L, along with certain infrastructure development for which TSMC will provide funding.

Mr Partha Sengupta VP Raw Materials of TATA Steel told BL that the agreement is an important step towards delivering an assured supply of iron ore to TATA Steel Europe.

(Sourced from thehindubusinessline.com)