2018: Multi-User Dock Off to Great Start

SEPT-ÎLES, January 16, 2019 – The Port of Sept-Îles is delighted to announce an increase of 4.7% in volume handled over last year at 25,375,000 tons this year, compared to last year’s 24,231,000 tons. The startup of operations at the multi‑user dock accounted for the entire increase, with over 5.5 million tons handled, which made up for the drop in shipping caused by the labour dispute at IOC Rio Tinto early in the year.

THE YEAR IN REVIEW

We can look back proudly on a successful start for the multi-user dock, with 31 ships loaded in 2018. Its annual capacity of 50 million tons makes it a world-class facility. There are many highly notable accomplishments behind the year’s total volume:

  • The successful startup of the Bloom Lake iron mine, whose production exceeded projections. Congratulations to Quebec Iron Ore, a subsidiary of Champion Iron Mines Limited.
  • Delivery by Société ferroviaire et portuaire de Pointe-Noire (SFPPN) of its conveyor to connect the new dock and the successful startup of its handling and storage operations.
  • Challenges surmounted with aplomb by multi‑user dock operator Logistec, in charge of operations and maintenance, and by the Port’s multi‑user dock team.

The Port made a splash in September with the acquisition of 17 works by local artist Jean-Pier Synnott for display at the Monseigneur Blanche terminal. The outdoor exhibit near the docks provides an additional cultural attraction, not just for cruise ship passengers and tourists, but also for everyone in the Sept-Îles area.

Also in September, the Port had to shut down the Pointe-aux-Basques intermodal terminal pending its securing the funds for the necessary repairs and modernization. Pointe-aux-Basques is the gateway for supplies en route to the hinterland and a port of call supplying the isolated villages of the Lower North Shore.

Another highlight was the arrival of Tacora Resources in November, which completed its financing to restart the Scully Mine and purchased part of New Millennium Iron’s contract with the Port to become a new user of the multi‑user dock. Tacora will significantly increase the Port’s annual volumes, adding a projected 6 million tons per year, and will invest close to $50 million in early 2019 to adapt the SFPPN facilities.

In December the City of Sept-Îles and the Port released the results of the Environmental Observatory for the Bay of Sept-Îles’s five-year study, with the data and findings from phases I, II, and III. The data and studies found the environment to be in good condition overall and will serve as a baseline for future protection and management of the Bay of Sept-Îles’s priceless ecosystem.

The 2018 cruise ship season clocked in as the second best the Port has ever had, with five ships and 7,960 passengers and crew members. And who could forget the second visit of the Queen Mary 2 in September, along with a visit by Mylène Paquette to talk about her perilous Atlantic crossing!

“Without any doubt, the multi-user dock sparked a revival of iron ore activities in 2018,” said Port of Sept-Îles president and CEO Pierre D. Gagnon. “The dock is a world-class strategic infrastructure that’s already a powerful driver of the Port’s growth and development.”

ABOUT THE PORT OF SEPT-ÎLES

Boasting diverse, state-of-the-art facilities, the Port of Sept-Îles is one of North America’s largest ore-handling ports, with an expected volume of more than 30 million tons in 2018. 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 close to 4,000 direct and indirect jobs.

 

Source :

Patsy Keays
Director, Corporate Affairs
Port of Sept-Îles
418 961-1235
pkeays@portsi.com