Life Cycle Services contract between Quebec Iron Ore and Metso

Quebec Iron Ore Inc. (QIO), a subsidiary of a Montreal-based iron development and exploration company, Champion Iron Limited, has signed a strategic partnership agreement with Metso for the maintenance of Metso equipment with a Life Cycle Services contract. This agreement will provide QIO with maximum availability of equipment to meet production targets for the Bloom Lake Iron Mine located near Fermont, Quebec. The new contract is signed for a period of three years and the first-year value of the order will be booked in Metso’s first-quarter 2018 orders received.

Life Cycle Services (LCS) takes the entire range of services Metso provides and bundles them into tailored packages, ranging from the basics to more complete solutions, depending on the customer’s needs. Packages are equipped to cover a single-event shutdown or span multiple years, measured against strict key performance indicators (KPI).

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