April 9, 2017

TSMC signed a Memorandum of Understanding (“MOU”) with Société du Plan Nord (“SPN”) and Quebec Iron Ore (“QIO”) for the development and enhancement of the infrastructure facilities at Pointe-Noire in Sept-Îles, Quebec via the limited partnership Société Ferroviaire et Portuaire de Pointe‑Noire (“SFPPN”). This collaboration will facilitate the development of Pointe Noire Infrastructure to match the anticipated ore delivery needs of the partners ensuring efficient cost structure enabling the Labrador Trough to become competitive.

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