Business
Genesee & Wyoming Inc. and Consolidated Thompson Iron Mines Limited Sign Rail Services Agreement
Genesee & Wyoming Inc. and Consolidated Thompson Iron Mines Limited Sign Rail Services Agreement
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n\n\n\nFeb. 16, 2010 (Canada NewsWire Group) -- MONTREAL and GREENWICH, Conn., Feb. 16, 2010 /CNW/ --Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that GWI and a newly formed GWI subsidiary, Western Labrador Rail Services (WLRS), have entered into a long term agreement with Bloom Lake Railway Company (BLRC), a subsidiary of Consolidated Thompson Iron Mines Limited (CLM), for WLRS to provide rail transportation services to BLRC. Operated as part of GWI's Canada Region, WLRS will haul unit trains of iron ore over BLRC's newly constructed 31-kilometer railway from CLM's Bloom Lake mine, located in the province of Quebec on the south end of the Labrador Trough, to Wabush, Labrador. The iron ore will then travel over two privately owned railways to CLM's port facilities in Pointe-Noire on the St. Lawrence River for export primarily to Asian markets. The railway construction is expected to be completed during the first quarter of 2010 with iron ore shipments starting immediately thereafter.About Consolidated Thompson Iron Mines LimitedConsolidated Thompson Iron Mines Limited is a development and exploration mining company. The Company is presently developing at the expected initial rate of 8.0 million tonnes per year its Bloom Lake world class iron ore deposit located in the Quebec/Labrador trough. The quality and size of the Bloom Lake and Peppler/Lamelee deposits reflect the potential to expand and advance these projects and exploit other opportunities in the iron ore industry. The Company has approximately 230,245,000 shares outstanding and trades on the TSX under the symbol \"CLM\".About Genesee & Wyoming Inc.GWI owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands. Operations currently include 62 railroads organized in nine regions, with approximately 6,000 miles of owned and leased track and approximately 3,400 additional miles under track access arrangements. GWI provides rail service at 16 ports in North America and Europe and performs contract coal loading and railcar switching for industrial customers. For further information contact: Genesee & Wyoming Inc.:Michael Williams, Corporate Communications, Genesee & Wyoming Inc.,203.629.3722, [email protected] Brault, President, Genesee & Wyoming Canada Inc., 514.948.6995,[email protected] r...