TSMC is developing a Direct Shipping Ore (DSO) Project in the provinces of Quebec and Newfoundland & Labrador.
The DSO property is comprised of 25 hematite deposits with a resource potential of 122 million tonnes. Detailed exploration and mine planning has been undertaken for 9 deposits to establish 59 million tonnes of reserves. We have altogether NI-43-101 compliant resource for 10 deposits totalling 78 million tonnes (Measured, Indicated and Inferred) including Ferriman 4 deposit.
The project comprises of mining, crushing, washing, screening and drying the run-of-mine ore with a state-of-art facility near Schefferville, Québec to produce 4.2 MTPY of sinter fines and pellet feed. The processing facilities will be housed under a large steel supported fabric structure to enable year round operations. The plant will meet its power requirements entirely by its own generators. In order to accomodate workers during the construction phase and later during operations, a fully equipped camp is being set up near the plant.
The finished product will be transported by rail to Sept-Îles, Québec for onward shipment to Tata Steel Europe’s steel making facilities.
Additional exploration is in progress that could further increase the project life. 2000 meters of reverse circulation drilling was completed during the summer of 2011, with encouraging initial results.