This undertaking should lead to a decision, before 31 March 2016, with respect to a government participation in the direct shipping ore project (DSO Project) in Schefferville area, in the North Shore region.
Economy, Innovation and Exports, Jacques Daoust, announced the signing of an agreement-in-Principle between the Government of Quebec and TS Global Minerals Holdings, a Tata Steel group company.
This undertaking should lead to a decision, before 31 March 2016, with respect to a government participation in the direct shipping ore project (DSO Project) in Schefferville area, in the North Shore region. Parties also agreed to cooperate in creating favorable conditions in the transit activities of iron ore from Arnaud Junction to the multi-user dock of the Port of Sept-Iles.
“To date, Tata Steel Group has demonstrated its social responsibility by ensuring the participation of local communities in the execution of its project, and in particular, the participation of Aboriginal communities. It is in fact one of the key principles of the Plan Nord and one of the motivating factors for us to undertake discussions with a view tobecoming a key partner in the development of the Company’s deposits”, said the Premier Philippe Couillard.
Tata Steel through its subsidiary Tata Steel Minerals Canada is completing a direct shipping ore project in Schefferville, in which the company has invested more than C$1bn. The company plans to develop its DSO deposits in Quebec with the Government
of Quebec.
“Further to creating considerable economic benefits for Quebec, the DSO Project is contributing to the revival of the Town of Schefferville, with among others, significant investments in the community infrastructure. The mining company is also a partner in the construction of the multi-user dock of the Port of Sept-Iles and a strong ally in maintaining industrial activities in the North Shore Region”, emphasized Minister Jacques Daoust.
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