Reuters reported that the Canadian National Railway Co has put on hold a feasibility study of constructing a rail line that will allow the transportation of iron ore from northern Quebec to port, as miners delay projects because of low prices.
As quoted in the market news:
CN, Canada’s biggest railroad, last year started looking into building a 800 kilometer (500 mile) rail line to the isolated region that is so rich in iron ore deposits it could turn Canada into the world’s third biggest producer.
