Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
SEPT-ÎLES, QUE – At the corrugated-iron-walled congress centre in this northeastern Quebec city on a snowy late-November day, organizers of a chamber of commerce luncheon are turning away late arrivals. They’ve run out of extra seating for members of the business community who have crowded into a dining hall decked out in Christmas cheer. But they’re not here for merriment. They’ve come to a presentation by Luc Dion, president of Sept-Îles’ economic development committee, about the region’s economy.
But Dion’s message was not about optimism as much as it was about trying to put Sept-Îles problems in a global perspective. “I can’t say that it’s not worrying, but I wanted to show this is happening on an international scale, so it’s not about just our region, and we have to adapt,” Dion said in an interview afterward.
“However, at our core, we can’t really do anything else because we are on a land of natural resources. Our history is based on natural resources, whether it is fishing, forestry, mines, hydroelectric, aluminum — or iron ore.”
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