"Shares of junior miners with projects in Canada's Labrador
Trough fell on Monday, after Canadian National Railway Co (CNR.TO)
hit pause on its plan to build a new rail line in the region,"
It said: "CN, Canada's biggest railroad, said late on Friday it
had halted a study into the feasibility of building an
800-kilometre line to connect the isolated region to port. he
Labrador Trough, a geological formation extending south-southeast
through Quebec and Labrador, is home to vast deposits of iron ore,
the main component of steel. But a recent slump in the benchmark
price for iron ore has jeopardized the viability of projects in the
"Century Iron Mines Corp (FER.TO), which is developing the
Attikamagen Lake iron-mine project near Schefferville, was down
3.6% to $0.53 on the Toronto Stock Exchange on Monday. Century's
partner, Champion Iron Mines Ltd (CHM.TO), fell 6% to $0.46."
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