"Current market realities" have resulted in anticipated delays with mine development projects in and around the Labrador Trough, CN said in its release. A joint review of the project together with the mining companies indicates that mine construction schedules and diverging needs for each project will make it difficult to obtain the critical volume of iron ore necessary to support the building of new rail and terminal infrastructure by CN.

The feasibility study was initiated in August 2012 by CN and its partner La Caisse de depot et placement du Quebec, along with six mining companies.

Source: TransReporter