SEPT-ÎLES, January 21, 2013 – The Port of Sept-Îles is proud to announce a 7.5% increase in volume handled over the previous year, reaching 28 million tons. This increase is primarily due to the growing volume of iron ore handled and especially to the expanding volume of Labrador Iron Mines, which accounts for more than 80% of the growth.

In a historical and unprecedented move, the federal government kicked off the year 2012 by announcing $55 million in funding for the Port, covering a quarter of the new multi-user dock’s $220 million price tag.

In the wake of this major announcement, five more partners joined in and agreed to finance half of the project. These partners are Alderon Iron Ore Corp., Champion Iron Mines Limited, Labrador Iron Mines Holdings Limited, New Millennium Iron Corp., and Tata Steel Minerals Canada Limited.

We should also mention that the very first maritime week took place September 27 to October 4 thanks to the cooperation of many partners, such as Ville de Sept-Îles, NCSM Jolliet, and Destination Sept-Îles Nakauinanu. The event was a tremendous success, with over 2,000 people participating in the various activities.

We would also like to point out the Port’s major contribution to the community throughout the year. Fondation du Centre hospitalier de Sept-Îles received a record $250,000 in donations from the Port of Sept-Îles for the automation and consolidation of CSSS de Sept-Îles’s laboratory. The Port’s “5 à huîtres maritime” fundraiser for the Élyme des sables palliative care centre, which brought in a record-setting $115,000 last October, is also worthy of mention. In total, the Port contributed over half a million dollars to the community, considering all the causes and organizations it supported last year.

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 nearly 30 million tons. Sept-Îles’ port facilities play a vital and strategic role in the operation of many businesses from the region’s primary sector. The Port’s annual economic impact is estimated at nearly $1 billion, with some 4,000 direct and indirect jobs. Port activity at the Port of Sept-Îles therefore remains a significant source of wealth creation in Quebec and Canada.

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