Welcome to Tata Steel Minerals Canada Limited

Tata Steel Minerals Canada Limited (TSMC) is a joint venture established in October 2010 by Tata Steel Ltd. and New Millennium Iron Corp.(TSX: NML). Tata Steel owns 94% and NML owns 6% stake in the company. TSMC is part of Tata Steel Group of companies which is a Fortune 500 company and is among the top producers of steel in the world. Tata Steel group has over 80,000 employees spread over 5 continents. TSMC is developing iron ore deposits in Quebec and Newfoundland & Labrador in Canada. TSMC is currently engaged in two main activities:

DSO Project

TSMC is developing the Direct Shipping Ore (DSO) project which involves mining, crushing, washing, screening and shipping the sinter fines and pellet fines to Tata Steel's European steel making facilities.  

Taconite Project

TSMC is also involved with New Millennium Iron Corp.(TSX: NML) in undertaking a Feasibility Study of the LabMag and KeMag iron ore deposits which form a part of the 150-km long Millennium Iron Range in northern Canada.

Latest News

November 1, 2016: TSMC ratifies its’ C$175 million Financial Partnership with the Government of Québec, which consists of an Equity Investment of C$125 million and a C$50 million Loan. Consequently, the Government of Québec, under the aegis of Ressources Québec, holds 18% Equity in TSMC along with Tata Steel (77.68%) and NML (4.32%).

October 4, 2016: Loading commences on TSMC’s 1st ship from the Government of Quebec’s recently acquired Pointe Noire port facilities.

August 31, 2016: TSMC signed a Protocol Agreement with the First Nations Human Resources Development Commission of Quebec (FNHRDCQ) to implement a Job Inclusive Training Program specifically developed for Aboriginal Peoples to meet the requirements of the mining industry, under the aegis of the Mining Essentials program developed by the Assembly of First Nations (AFN) and the Mining Industry Human Resources Council (MiHR).

July 26, 2016: TSMC has been awarded a Financial Contribution of C$ 175 million by the Government of Québec to support the development of its DSO Project. The Financial Contribution includes equity stake of C$ 125 Mn through the Capital Mining Hydrocarbons Fund which supports mining activities in the Northern Region of Québec and a loan of C$ 50 Mn through Investment Québec.

July 25, 2016: TSMC became the First Mining Company in the region to rail Ore to Pointe Noire for onward shipments through enabling facilities under the aegis of Society of Plan Nord.

April 5, 2016: TSMC is pleased to announce that it has been awarded the prestigious John T. Ryan Trophy for Select Mines in Eastern Canada. The John T. Ryan trophies were established in 1941 by Mine Safety Appliances Canada Limited as a memorial to the founder of the company. The trophies are awarded by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) to the mining operation which achieved the lowest accident frequency per 200,000 hours worked during the previous year in all of Canada.  The award winners are selected by the John T. Ryan Trophies Committee, which includes senior provincial and territorial mines inspectors and mining association representatives. This year’s Eastern award for Select Mines was  presented to TSMC on May 2nd in Vancouver, British Columbia, during CIM’s annual conference.

January 20, 2016: In the framework of the World Economic Forum in Davos, an Agreement In Principle (AIP) was executed between Tata Steel Global Mineral Holdings (TSGMH) and the Government of Quebec (GoQ). This undertaking should lead to a decision, before 31 March 2016 with respect to the Government of Quebec’s investment in TSMC.  The parties also agreed to cooperate in creating favorable conditions in the iron ore transit activities from Arnaud Junction to the Multi-User Deep Sea Terminal in Sept-Iles.