SOURCE: Industrial Info Resources

Industrial Info Resources

June 12, 2012 06:25 ET

Quebec's Cote-Nord Sees Massive Economic Development From Increased Iron Ore Demand, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 12, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The increasing global demand for steel is driving billions of dollars in investment in iron ore mines and port facilities in Canada. In particular, northern Quebec and Labrador are home to a great deal of iron ore mine construction and expansion projects.

The actual extraction of the iron ore is only one part of a larger equation, however -- the other large variable being transportation and shipping of the product. While there are many smaller lakes and rivers in the area of the mines, the nearest port facilities capable of large shipments are on the Gulf of St. Lawrence, which provides shipping access to both the Great Lakes area of the U.S. and the Atlantic Ocean for international markets. The region's largest port is located in the city of Sept-Îsles, on the Gulf of St. Lawrence. Sept-Îsles (which also happens to be home to North America's largest aluminum smelter) is itself preparing for a great deal of industrial development in relation to the mine expansions. Other rail and transport projects are being planned to move the iron ore pellets and concentrate to port facilities. There are several parcels of land located near the Sept-Isles port that are prime areas for industrial real estate development, including 5,000 acres being offered by Seven Islands Development Corporation.

Companies featured: Rio Tinto plc (NYSE:RIO), ArcelorMittal (NYSE:MT), Cliffs Natural Resources Incorporated (NYSE:CLF)

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