Anglesey Mining's 41% owned associate Labrador Iron Mines has signed an iron ore haulage deal with Tshiuetin Rail Transportation.

The agreement is for transportation of iron ore from LIM's Schefferville area direct shipping ore project over the 235 kilometer TSH Railway, which connects Schefferville to the Emeril Junction for 2011.

The agreement anticipates that iron ore will be hauled approximately eight months per year April to November with shipments on the TSH Rail commencing in April.

The tonnage in 2011 is expected to be up to 2 million tonnes.

(Sourced from StockMarketWire.com)