CONSOLIDATED THOMPSON

Bloom Lake Iron Ore Mine
Fermont, Côte-Nord Region (Quebec) Canada

Project description:

The Bloom Lake Iron Ore Deposit is a 640 million ton ore body grading approximately 30% Fe.   Bloom Lake is a world class development stage iron ore project, with a high recovery and 34 year mine life based on a Feasibility Study completed in April 2007. Bloom Lake is expected to be producing 7 million tons of 66.5% iron ore concentrate per year starting mid-2009. The Bloom Lake deposit sits in a unique location, with ready infrastructure: close proximity to rail, power, road, port, housing for employees, etc. due to it being located in the heart of an existing iron ore camp which currently produces 36.5 million tons per year. Consolidated Thompson has secured an off-take agreement of 7 million tons per year for a minimum of 7 years, and has received approval to operate the mine.

Year of realization: 2009 – ongoing
Project Value: USD 400 Million

Services offered by Progesys as third party:

• Management of the pre-commissioning and the commissioning phases of the project
• Planning all related off-site and on-site activities
• Mobilization of a team of engineers and technicians on-site
• Assist in construction management activities
• Plan, manage and sign-off equipment commissioning by selected vendors
• Plant systems turn-over to client