Genesee & Wyoming Inc. and Labrador Iron Mines Holdings Limited sign services agreement
Written by jrood
Genesee & Wyoming Inc.'s subsidiary, Western Labrador Rail Services, has entered into a long-term rail services agreement with Labrador Iron Mines Limited, a subsidiary of Labrador Iron Mines Holdings Limited. Under the terms of the Agreement, WLRS will operate LIM's newly constructed six-kilometer (3.8-mile) railway, which connects LIM's Silver Yards processing facility in western Labrador to Tshiuetin Rail Transportation Inc.'s privately-owned rail line that runs from Schefferville, Quebec to Emeril Junction, Quebec. WLRS will provide and operate up to five locomotives that will also be used by TSH to haul unit trains of iron ore to Emeril Junction. The iron ore will then travel over a third privately-owned railway to port facilities in Sept-Iles on the St. Lawrence River for export to the seaborne iron ore market. Operations are expected to begin in May 2011.
