CN abandons support for iron ore development

Rail

Thursday, February 14, 2013

Canadian National Railway has decided not to build a new rail line and terminal to serve the Quebec/Labrador iron ore range after a feasibility study determined the financial risk was too great. A joint review with a half dozen mining companies determined that iron ore volumes would not be great enough to justify the cost of the new infrastructure because of divergent construction schedules and needs of each mining company. The decision of some minin...

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