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News Breaks | | | | February 12, 2013 | | 09:16 EDT |  | CNI | CN suspends feasibility study for proposed rail line in Quebec/Labrador
CN is suspending the feasibility study for the construction of its proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range. The feasibility study was initiated last August by CN and its partner La Caisse de d p t et placement du Qu bec, along with a group of six mining companies. The study has been progressing steadily over the past several months. However, the current market realities have resulted in anticipated delays with mine development projects in and around the Labrador Trough. A joint review of the project together with the mining companies indicates that mine construction schedules and diverging needs for each specific individual project will make it difficult to obtain the critical volumes of iron ore necessary to support the building of new rail and terminal infrastructure by CN. The decision by some miners in the region not to join the group of mining companies supporting the CN infrastructure project is also a factor in the much-lower-than-projected iron ore volumes that are now expected to be shipped in the foreseeable future. | |
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News For CNI From The Last 14 Days Check below for free stories on CNI the last two weeks. |
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| May 14, 2013 | | 09:35 EDT |  | CNI | Kansas City Southern could be acquired by a Canadian railroad, says Desjardins
Desjardin said Canadian Pacific (CP) and Canadian National (CNI) are in a solid financial position and could create shareholder value by gaining access to the Mexican market through an acquisition of Kansas City Southern (KSU). | |
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