Quebec studies feasibility of open-access iron ore line
With China’s slowing economy depressing iron ore prices, this would seem an inauspicious time to build a third railway from tidewater to the interior wilds of the Labrador Trench. Nonetheless, to keep life in its grand plan to develop its vast north, the Quebec provincial government is contracting Montreal-based Canarail to report on the feasibility of a new 200-mile line from Sept-Iles on the Gulf of St. Lawrence due north to the high-grade ore deposited 200 million years ago when a sea of iron-rich magma burst through a rift in the earth’s crust.