– CANADA, Calgary – New Millennium Iron Corp. (TSX: NML), today announced the appointments of Sundara Ramam, Vice President Raw Materials, Tata Steel Ltd., Jamshedpur, India, and Rajiv Mukerji, Group Director Strategic Procurement, Tata Steel Group, Ijmuiden, The Netherlands, to the Corporation’s Board of Directors.
“We are pleased to welcome Mr. Ramam and Mr. Mukerji as members of our Board and are looking forward to their contributions and we thank Mr. Biswas and Mr. Bose for their contributions over the past several years and wish them the best with their ongoing responsibilities within the Tata Group,” said Mario Caron, Chairman and Acting CEO of NML.
Mrs. Ramam and Mukerji succeed Mrs. Sandip Biswas and Dibyendu Bose who were directors since October 2011 and December 2013 respectively.
About New Millennium
NML is a Canadian iron ore exploration, evaluation and development company with an extensive property position called the Millennium Iron Range in Canada’s principal iron ore district, the Labrador Trough, straddling the Province of Newfoundland and Labrador and the Province of Quebec, in the Menihek Region around Schefferville, Quebec. The Company’s project areas are connected via a well-established, heavy-haul rail network to the Port of Sept-Îles, Quebec.
Tata Steel Limited, a global steel producer and industry leader, owns 26.2% of the common shares of the Company and is its largest shareholder.
NML has a 4.32% interest in Tata Steel Minerals Canada Ltd., which is the owner and operator of a direct shipping ore project near Schefferville. The DSO project produces and ships sinter fines. Subsidiaries of Tata Steel and the Quebec Government’s financing arm, Investissement Québec, own the remainder of TSMC.
Beyond TSMC, the Company offers further development potential through a group of long-life taconite properties capable of producing high-quality pellets and pellet feed to service the requirements of steel makers with either blast furnace or direct reduced iron making operations.
In June 2016, the Company optimized its taconite development strategy through the design of a smaller market entry initiative called the NuTac Project.
For more information: http://www.nmliron.com
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