Superior Court of Québec approves transaction between Port of Sept-Îles and Wabash

The Port of Sept-Îles is pleased with the decision handed down February 1 by the Superior Court of Québec approving the agreement concluded January 26 between the port and Wabush for the sale of land in Pointe-Noire, collectively called “Block Z,” subject to proceedings initiated by Wabush under the Creditors Arrangement Act.

Block Z represents over 400 hectares of land along almost five kilometers of the southern edge of the Alouette Smelter access road. With the existing spaces in Pointe-Noire, this new acquisition will allow the port to fulfill its mission of being a positive force for economic development by connecting the three port facilities it owns—the Pointe-Noire dock, La Relance dock and multi-user dock.

The Port of Sept-Îles is pleased with the decision handed down February 1 by the Superior Court of Québec approving the agreement concluded January 26 between the port and Wabush for the sale of land in Pointe-Noire, collectively called “Block Z,” subject to proceedings initiated by Wabush under the Creditors Arrangement Act.

Block Z represents over 400 hectares of land along almost five kilometers of the southern edge of the Alouette Smelter access road. With the existing spaces in Pointe-Noire, this new acquisition will allow the port to fulfill its mission of being a positive force for economic development by connecting the three port facilities it owns—the Pointe-Noire dock, La Relance dock and multi-user dock. These new spaces will also make way for additional growth opportunities for a sector already recognized as a strategic platform in the Plan Nord.

The port will work closely and efficiently with the Quebec government, the new owner of the land, equipment and rights associated with rail, storage, pelletizing and transshipment in the Pointe-Noire sector. The port will spend the coming days finalizing the documentation needed to close the transaction in a timely manner.

Maritime Editorial