SEPT-ÎLES, January 28, 2022 – With results of 32.1 M MT representing the second-best year since the creation of the port authority in 1999, the volume achieved in 2021 is however slightly lower by 3% with that of the previous year of 33.1 M MT.

This very respectable level of port activity nevertheless positions the Port of Sept-Îles in 3rd place among Canadian ports in 2021. This slight decline comes after five successive years of growth related mainly to the world-class infrastructure of the multi-user wharf in Pointe-Noire.

Lower iron ore shipments are the main reason for the variance due to certain incidents and equipment breakdowns that affected production for some producers.

However, the new year looks promising with the announcement of Quebec Iron Ore’s 7 M MT expansion project starting in the spring, as well as higher volume forecasts announced by other mining companies producing iron ore.

“These new volumes at the Port’s facilities should make it possible to cross the 40 M MT mark in 2022, setting an all-time record, as well as possibly reaching the rank of 2nd port in Canada in terms of volume of activity” declared enthusiastically Pierre D. Gagnon, President and CEO of the Port of Sept-Îles.

REGARDING THE PORT OF SEPT-ÎLES

Boasting diverse, state-of-the-art facilities, the Port of Sept-Îles is North America’s largest iron ore-handling port, with an anticipated volume of close to 40 million tonnes for 2022. It is also recognized as the most important port terminal for the primary aluminum industry in the Americas for its volume of activity. The port facilities at Sept-Îles play a vital and strategic role in the economy of Eastern Canada. The Port is also deeply committed to sustainable development, pioneering the first environmental observatory on the St. Lawrence to monitor the maritime ecosystem.

Source :

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

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