New Millennium Iron Announces First Shipment from Tata Steel Minerals Canada's Direct Shipping Ore Project
09/17/2013 - New Millennium Iron Corp. (NML) announced that Tata Steel Minerals Canada (TSMC), in which NML has a 20% interest, has made the first shipment of products from its Direct Shipping Ore (DSO) Project.
The vessel MV Sterling with a cargo of approximately 77,000 tonnes of iron ore sinter fines departed from the Iron Ore Company of Canada’s terminal facilities in Sept-Îles, Québec, on 14 September. Shipments through the Sept-Îles terminal are an interim step as TSMC awaits the completion of the arrangements for access to its new Pointe Noire Dock. The vessel will discharge in Europe for Tata Steel Europe’s plants.
Dean Journeaux, New Millennium president and CEO, said, “This is a singular milestone for NML and its shareholders as TSMC officially enters the iron ore market with its first shipment. Production and rail haulage from the DSO Project are now well established and seaborne shipments have now begun.”
