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
30 Years of DUKC at Port Hedland
(Posted on 04/12/25)This year marks a significant milestone in maritime innovation as Port Hedland, Australia, celebrates... Read more
Major capital investment programme for ABP’s South Wales ports
(Posted on 02/12/25)Associated British Ports (ABP), the UK’s leading port operator, has announced the latest tranche... Read more
Strategic partnership for Vietnam-Japan green supply chain
(Posted on 24/11/25)During the Investment, Labour, and Trade Promotion Programme in Japan (November 16–22, 2025),... Read more
AD Ports signs two KEZAD land Leases of over 500,000sqm with Indian firms
(Posted on 24/11/25)AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of integrated... Read more
AD Ports reports record Q3 net profit of AED596M
(Posted on 15/11/25)Abu Dhabi based AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics... Read more
Peel Ports halves operational greenhouse gas emissions in five years
(Posted on 14/11/25)Peel Ports Group has achieved a 48% reduction in operational greenhouse gas emissions in the last five... Read more
Métivier appointed President and CEO of Trois-Rivières Port Authority
(Posted on 11/11/25)The Trois-Rivières Port Authority (TRPA) in Canada has announced the appointment of Mr. Anick... Read more
Automated pulp handling boosts efficiency and safety at Rauma terminal
(Posted on 10/11/25)Euroports commitment to continuously improving operational efficiency, enhancing workplace safety, and... Read more
Bilbao forges closer ties with the COSCO Group
(Posted on 10/11/25)Under the slogan ‘Your Intermodal Link Between China, Iberia and the Atlantic Markets,’... Read more
Hamburg promotes international exchange in China
(Posted on 10/11/25)Port of Hamburg Marketing (HHM) continues to strengthen its successful cooperation with Chinese port... Read more
