New Millennium Iron sends first iron ore seaborne shipment to Europe

Canadian iron ore producer New Millennium Iron has made its first seaborne iron ore shipment from its direct shipping ore (DSO) project, it announced recently.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The MV Panamax Sterling, carrying a cargo of about 77,000 tonnes of iron ore sinter fines, departed from the Iron Ore Company of Canada’s terminal at Sept-Iles, in Quebec, and will discharge in Europe for Tata Steel Europe’s plants.

Shipments through the Sept-Iles terminal are an interim step as Tata Steel Minerals Canada awaits the completion of arrangements for access to its new Pointe Noire Dock in Quebec.

The DSO project is owned and operated by Tata Steel Minerals Canada, which is 80%-owned by Tata Steel and 20%-owned by New Millennium Iron.

The project is located in the adjacent provinces of Newfoundland & Labrador and Quebec, and has 64.1 million tonnes of proven and probable mineral reserves at an average grade of 58.8% Fe content.

Commercial sales of iron ore are expected to begin soon.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.