Business
LIM rail agreement with Genesee
LIM rail agreement with Genesee.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n \nAnglesey Mining plc LSE:AYM\n\n28 April 2011\n\nLIM signs rail service agreement with Genesee & Wyoming\n\nAnglesey Mining's 33% owned associate Labrador Iron Mines Holdings Limited\n(TSX:LIM) is pleased to announce that it has signed a rail services agreement\nwith Western Labrador Rail Services ( WLRS ), a wholly owned subsidiary of\nGenesee & Wyoming Inc. (GWI) for WLRS to operate LIM's newly constructed six\nkilometer railway which connects LIM's Silver Yards processing facility in\nwestern Labrador to the main Schefferville to Emeril Junction rail line.\n\nWLRS will also provide, operate and maintain up to five SD 40-3 locomotives\nwhich will be used to haul LIM's iron ore from Silver Yards, over the TSH\nprivately owned railway, to Emeril Junction.\n\nThe iron ore will then travel over the Quebec North Shore & Labrador Railway\n(QNS&L) to port facilities in Sept-Iles on the St. Lawrence River for export to\nthe seaborne iron ore market. Operations are expected to commence in May 2011.\n\nWLRS is part of GWI's Canada Region and provides rail service to mining\ncompanies operating in Labrador and the Quebec North Shore, including the\noperation of the Bloom Lake railway in western Labrador, which carries iron ore\nfrom Cliffs Resources, (Consolidated Thompson) Bloom Lake Mine.\n\nAbout Genesee & Wyoming Inc.\n\nGWI owns and operates short line and regional freight railroads in the United\nStates, Canada, Australia and the Netherlands. GWI provides rail service at 16\nports in North America and Europe and perform contract coal loading and railcar\nswitching for industrial customers. In addition, GWI operates the Tarcoola to\nDarwin rail line which links the Port of Darwin with the Australian interstate\nrail network in South Australia. Operations currently include 63 railroads\norganized in nine regions, with approximately 7,400 miles of owned and leased\ntrack and approximately 1,400 additional miles under track access arrangements.\n\nLabrador Iron Mines Holdings Limited (LIM)\n\nLIM's Schefferville Area projects involve the development of twenty direct\nshipping iron ore deposits in western Labrador and north-eastern Quebec near\nSchefferville, Quebec. The Company's properties are part of the historic\nSchefferville area iron ore district where mining of adjacent deposits was\npreviously carried ou...