DSO Construction contractNice to see...
April 21, 2011
Aecom awarded contract for iron ore project in Quebec and Newfoundland
Aecom Technology Corp. (NYSE:ACM) of Los Angeles has inked a contract that includes construction management for an iron ore project in northern Quebec and Newfoundland and Labrador involving Tata Steel Global Minerals Holdings Pte Ltd. and New Millennium Capital Corp. (TSX-V: NML).
The contract is for engineering, procurement and construction management for the direct shipping ore (DSO) project from iron ore mines near Schefferville, Quebec south to the port of Sept-Iles on the mouth of the St. Lawrence River.
Aecom did not disclose the value of its contract. The DSO project is owned by Tata Steel Minerals Canada Ltd., a joint venture 80-per-cent owned by Mumbai, India-based Tata Steel and 20 per cent owned by New Millennium Capital. Tata also owns nearly a third of New Millennium Capital.
Work will begin immediately with construction expected to start later this year. Completion and start-up of the DSO system is anticipated for mid-2012.
Tata intends to ship the iron ore from the Labmag taconite iron ore project, which is part of the Millennium Iron Range, to its steel facilities in Europe, which includes IJmuiden Steel Works in the Netherlands and plants in Britain.
Tata estimates the DSO resource is about 100 million tonnes. The LabMag deposit consists of 3.5 billion tonnes of proven and potential mineral reserves.
DCN DIGITAL MEDIA
https://www.dcnonl.com/article/id44022