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Pierre D. Gagnon, CEO of the Port of Sept-Îles (left) and Pierre Bolduc, General Manager of Société ferroviaire et portuaire de Pointe-Noire (Right), accompanied by Sept-Îles socio-economic community representatives.

SEPT-ÎLES, December 7, 2016 – The Port of Sept-Îles (PSI) is pleased to announce the signing of long-term commercial agreements with its new partner and client, Société ferroviaire et portuaire de Pointe-Noire (SFPPN).

These agreements are important to both parties because their objective is to develop the full potential of Pointe-Noire, today and into the future.

As organizations committed to meeting market needs through a multiuser approach, PSI and SFPPN have incorporated the following key elements and principles into the agreements signed today:

  • Use of SFPPN loading equipment on PSI’s Pointe-Noire wharf
  • Considerations for the work required to link the ore storage areas with the facilities on the multi-user dock
  • Use of the land containing the storage and handling facilities built in 2010 by Consolidated Thompson
  • Considerations for meeting the future maritime shipping needs of various mining projects in the Sept-Îles region and the Labrador Trough

For PSI, the arrival of SFPPN as a new owner and client marks the beginning of a new chapter. This constructive new framework allowed the parties to hold discussions leading to innovative and beneficial agreements that will ensure Pointe-Noire infrastructure is accessible and available for every opportunity.

PSI also wishes to recognize the innovative approach taken by the government of Québec in establishing SFPPN as a limited partnership model, which will be joined by potential partners from the mining and other industries to share the use and operating costs of the facilities.

“With the iron market in recovery mode and our region in need of diversification projects, these agreements come at the perfect time to give our mining industry a shot in the arm,” said Pierre D. Gagnon, the Port’s CEO.

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 annual volume of close to 25 million tons. 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 almost 4,000 direct and indirect jobs.

Source:

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