ViganCleveland Cascades LtdTOC EventsSailors SocietyVan AalstTelestack
  • Van Aalst
  • Vigan
  • Port of South Louisiana
  • Port of Stockton
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TBA Group

Tacora comes to Sept-Îles

Tacora comes to Sept-Îles

(Posted on 11/12/18)

The Port of Sept-Îles has announced that Tacora Resources Inc. is now a user of the port’s multi‑user wharf, following the sale, announced by New Millennium Iron Corp. on 19th November of part of NML’s reserved wharf capacity to the company and the completion of Tacora’s Scully Mine restart financing.

The Port of Sept-Îles is one of North America’s largest ore‑handling ports, with an expected volume of more than 25 million tons in 2018.

Tacora, which acquired the Scully Mine near Wabush, Labrador, in July 2017, is now the fifth user of the port’s multi‑user wharf. The American company plans to start operations in the summer of 2019 and expects to handle an average of 6 million metric tons of iron ore concentrate each year for the lifespan of the mine, which is estimated at 26 years.

“Tacora’s arrival at the Port of Sept‑Îles will significantly increase annual volumes at the multi‑user wharf. What’s more, Tacora will be investing almost $50 million to adapt Société ferroviaire et portuaire de Pointe-Noire’s facilities in the months ahead. We’re thrilled that Scully Mine is being reopened and wish Tacora great success in meeting its budget and timelines for the restart of its mining activities,” said president and CEO of the Port of Sept-Îles Pierre Gagnon.

The port facilities at Sept‑Îles play a vital and strategic role in the economy of Eastern Canada. Annual economic impacts are estimated at nearly $1 billion and almost 4,000 direct and indirect jobs.

Latest News

Innofreight aims for safest rail freight fleet in Europe with Nexxiot

(Posted on 19/11/22)

Innofreight, the European rail logistics company and innovation leader has selected Nexxiot to complete... Read more


AD Ports Group delivers a record Net Profit in Q3

(Posted on 19/11/22)

AD Ports Group has announced its financial results for the third quarter of 2022. The Group’s... Read more


Celtic Freeport consortium announce chair to spearhead bid

(Posted on 13/11/22)

Successful technology investor and experienced in the metals and mining sector Roger Maggs MBE, has... Read more


Celtic Freeport consortium announce chair to spearhead bid

(Posted on 13/11/22)

Successful technology investor and experienced in the metals and mining sector Roger Maggs MBE, has... Read more


Netherlands signs hydrogen declaration with Oman at COP27

(Posted on 09/11/22)

At the COP27climate summit in Egypt, Netherlands Prime Minister Rutte has signed a declaration of intent... Read more


Robe River JV celebrates 50-years and over 1.7 bn tonnes of iron ore shipped

(Posted on 02/11/22)

Representatives of the Robe River Joint Venture partners in Australia, Rio Tinto, Mitsui and Nippon... Read more


UK Maritime Data Cluster to accelerate green smart port revolution

(Posted on 02/11/22)

A group of leading international ports are collaborating through the UK’s 2050 Maritime Innovation... Read more


CN’s best week ever for grain movement

(Posted on 26/10/22)

CN has moved over 806,000 metric tonnes of grain from Western Canada during the week of October 16 (... Read more


Major step towards future CO2 UK shipping industry

(Posted on 26/10/22)

Harbour Energy and Associated British Ports (ABP) have announce an exclusive commercial relationship... Read more


North Sea Port dry bulk up 13% in first nine months

(Posted on 20/10/22)

During the first nine months of this year, the North Sea Port companies recorded transhipment of goods... Read more


TBA GroupPort of StocktonThe Wolfson Centre for Bulk Solids Handling Technology CimbriaPort of South LouisianaBühler GmbH
  • Telestack
  • Cimbria

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping