SEPT-ÎLES, December 16, 2014 – The Port of Sept-Îles announced that Cliffs Natural Resources, through its affiliates Wabush Iron Co. Limited and Wabush Resources Inc., has withdrawn the civil lawsuit filed July 29, 2013, in the Superior Court concerning its application for an interlocutory injunction against the Port.

This action was intended to compel the Port to give the consent required to upgrade wharf 30 at the Pointe-Noire terminal. On October 7, 2013, the Port filed an objection in the Superior Court of the District of Mingan to set the record straight and state its case.

Cliffs Emergency Committee

The Port of Sept-Îles is satisfied with the outcome of this case and considers it closed. The Port will seek to actively contribute to the Cliffs Emergency Committee as part of its statutory role as development agent supporting the regional community.

The purpose of the Cliffs Emergency Committee is to lessen the negative impact of the mine closure by acting as a key local negotiating partner for both the government and Cliffs regarding the sale of the latter’s assets, coordinating initiatives to assist the workforce, and developing a strategy for SMEs that subcontract for the mining company.

The Port of Sept-Îles will issue no further comment on this subject.

ABOUT THE PORT OF SEPT-ÎLES

Boasting a variety of state-of-the-art facilities, the Port of Sept-Îles is the leading iron ore port in North America, with an annual volume of over 25 million tons. Sept-Îles’s port facilities play a vital and strategic role in Eastern Canada’s economy. The Port’s annual economic impact is estimated at nearly $1 billion, with some 4,000 direct and indirect jobs.

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