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{{Infobox company
{{unreferenced|date=December 2006}}
| name = Québec Cartier Mining Company
| logo =
| type = [[Privately held company|Incentive]]
| industry = Mining
| fate = Acquired by [[ArcelorMittal]]
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = {{Start date and age|1958}}
| founder = <!-- or: | founders = -->
| defunct = {{End date|2007}}
| hq_location_city = [[Quebec]]
| hq_location_country = [[Canada]]
| area_served = <!-- or: | areas_served = -->
| key_people =
| products = Iron Ore
| owner = <!-- or: | owners = -->
| num_employees =
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent =
| website = <!-- {{URL|example.com}} -->
}}
<!-- Just brought across what I think is a newer version for the company infobox
{{Infobox company
|name = Québec Cartier Mining Company
|type = [[Privately held company|Incentive]]
|industry = Mining
|foundation = 1958
|location = Quebec, Canada
|products = Iron Ore
}}-->
⚫
'''Québec Cartier Mining Company''' was one of the leading producers of [[iron ore]] products in [[North America]], now part of [[ArcelorMittal]].


⚫
The company was founded in the late 1950s by multiple Canadian and American investors, based in [[Quebec]], [[Canada]]. The first open pit mine was located in [[Lac-Jeanine, Quebec]]. The [[Hart-Jaune Dam]] over the nearby [[Hart Jaune River]] supplied power. The company then built the town of [[Gagnon, Quebec|Gagnon]], in 1963 to accommodate workers and families. Eighteen years later, the company extended its operations seventy miles north to [[Fire Lake, Quebec|Fire Lake]]. In 1973, they started operating in [[Mont Wright, Quebec]], where they created the town of [[Fermont, Quebec|Fermont]].
⚫
'''Québec Cartier Mining Company''' is one of the leading producers of [[iron ore]] products in [[North America]].


⚫
At their Mont Wright plant, the company operates an open pit mine and a crusher/concentrator facility capable of producing eighteen million metric tonnes of iron ore concentrates annually. The company also operates a pellet plant with an annual production capacity of some nine million metric tonnes of iron ore pellets at [[Port-Cartier, Quebec|Port-Cartier]].
⚫
The company was founded in the late 50's by multiple Canadian and American investors. The first open pit mine was locate in [[Lac Jeanine, Quebec|Lac Jeanine]]. The company then built the town of [[Gagnon]] in 1963 to accommodate workers and families. Eighteen years later, the company extended its operations seventy miles north to Fire Lake. In 1973, they started operating in [[Mont Wright, Quebec]], where they created the town of [[Fermont, Quebec]].


⚫
The falling market forced Québec Cartier to shut down its Fire Lake and Lac Jeannine plants in the mid 80's. The town of Gagnon was closed and its population moved to Fermont and Port-Cartier.
⚫
At their Mont Wright plant, the company operates an open pit mine and a crusher/concentrator facility capable of producing eighteen million metric tonnes of iron ore concentrates annually. The company also operates a pellet plant with an annual production capacity of some nine million metric tonnes of iron ore pellets at [[Port Cartier, Quebec|Port Cartier]].


⚫
Nearly insolvent in 2002 due to falling price of iron ore and increasing price of production, Québec Cartier's financial situation has since improved.
⚫
The falling market forced Quebec Cartier to shut down its Fire Lake and Lac Jeanine plants in the mid 80's. The town of Gagnon was closed and it's population moved to Fermont and Port-Cartier.


⚫
Québec Cartier also owned [[Cartier Railway]], one of the biggest private railways in Canada. Iron ore is sent from Fermont to Port-Cartier by train on a {{convert|400|km|mi}} railway. The company owns about fifteen locomotives and about 500 open-deck cars.
⚫
Nearly bankrupt in 2002 due to falling price of iron ore and increasing price of production, Quebec Cartier's financial situation has since improved.


== New ownership ==
⚫
Quebec Cartier also owns [[Cartier Railway]], one of the biggest private railroads in Canada. Iron ore is sent from Fermont to Port-Cartier by train on a 400 km railroad. The company owns about fifteen locomotives and about 500 open-deck cars.
In 2007, [[Dofasco]], the major shareholder of Québec Cartier, was bought by ArcelorMittal. This made Québec Cartier one of the leading mining facilities of the world biggest steel producer.


On May 29, 2008, Francois Pelletier, president of Québec Cartier had a speech in front of his employees and press in Port-Cartier and Fermont to announce the renaming of Québec Cartier to Arcelor Mittal Mines of Canada. Pelletier said in his speech: "After 51 years of existence, Québec Cartier, proud of its heritage, now look at the future under its new name, with its new family with optimism."


==References==
⚫
{{company-stub}}
{{nofootnotes|date=March 2008}}
{{in lang|fr}} Compagnie minière Québec Cartier. (1976). La Compagnie minière Québec
Cartier ={{Clarify| reason=why is there an '=' character here?| date=November 2011}} Quebec Cartier Mining Company. [Port-Cartier?]: La Compagnie.
(Worldcat link: [http://www.worldcatlibraries.org/oclc/49105360])

{{DEFAULTSORT:Quebec Cartier Mining Company}}
[[Category:Companies based in Quebec]]
[[Category:Iron ore mining companies of Canada]]
[[Category:ArcelorMittal]]
[[Category:Canadian subsidiaries of foreign companies]]


⚫
{{Canada-company-stub}}

Latest revision as of 05:54, 14 May 2020

Québec Cartier Mining Company
Company typeIncentive
IndustryMining
Founded1958; 66 years ago (1958)
Defunct2007 (2007)
FateAcquired by ArcelorMittal
Headquarters
Quebec
,
Canada
ProductsIron Ore

Québec Cartier Mining Company was one of the leading producers of iron ore products in North America, now part of ArcelorMittal.

The company was founded in the late 1950s by multiple Canadian and American investors, based in Quebec, Canada. The first open pit mine was located in Lac-Jeanine, Quebec. The Hart-Jaune Dam over the nearby Hart Jaune River supplied power. The company then built the town of Gagnon, in 1963 to accommodate workers and families. Eighteen years later, the company extended its operations seventy miles north to Fire Lake. In 1973, they started operating in Mont Wright, Quebec, where they created the town of Fermont.

At their Mont Wright plant, the company operates an open pit mine and a crusher/concentrator facility capable of producing eighteen million metric tonnes of iron ore concentrates annually. The company also operates a pellet plant with an annual production capacity of some nine million metric tonnes of iron ore pellets at Port-Cartier.

The falling market forced Québec Cartier to shut down its Fire Lake and Lac Jeannine plants in the mid 80's. The town of Gagnon was closed and its population moved to Fermont and Port-Cartier.

Nearly insolvent in 2002 due to falling price of iron ore and increasing price of production, Québec Cartier's financial situation has since improved.

Québec Cartier also owned Cartier Railway, one of the biggest private railways in Canada. Iron ore is sent from Fermont to Port-Cartier by train on a 400 kilometres (250 mi) railway. The company owns about fifteen locomotives and about 500 open-deck cars.

New ownership

[edit]

In 2007, Dofasco, the major shareholder of Québec Cartier, was bought by ArcelorMittal. This made Québec Cartier one of the leading mining facilities of the world biggest steel producer.

On May 29, 2008, Francois Pelletier, president of Québec Cartier had a speech in front of his employees and press in Port-Cartier and Fermont to announce the renaming of Québec Cartier to Arcelor Mittal Mines of Canada. Pelletier said in his speech: "After 51 years of existence, Québec Cartier, proud of its heritage, now look at the future under its new name, with its new family with optimism."

References

[edit]

(in French) Compagnie minière Québec Cartier. (1976). La Compagnie minière Québec Cartier =[clarification needed] Quebec Cartier Mining Company. [Port-Cartier?]: La Compagnie. (Worldcat link: [1])


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