March 9, 2011 / 12:19 PM / 7 years ago

UPDATE 1-Consolidated Thompson posts Q4 profit

* Q4 EPS C$42.6 mln vs year-ago loss C$21.9

* Cash flow from operations positive at C$14.1 mln

* Says unplanned mill shutdowns in Q4 reduced availability (Follows alerts)

March 9 (Reuters) - Canadian miner Consolidated Thompson Iron Mines Ltd posted a fourth-quarter profit, but said unplanned mill shutdowns in the quarter hit operations.

Rail transportation was interrupted for 12 days in December due to closure of the Quebec North Shore and Labrador Railway following heavy rains, leading to a force majeure, the company said in a statement.

The Montreal-based company posted a net income of C$42.6 million, or 18 Canadian cents a share, compared with a net loss of C$21.9 million, or 10 Canadian cents a share, a year ago.

Sales for the company, which is being bought over by Cleveland, Ohio-based iron ore and coal miner Cliffs Natural Resources , was C$134.3 million.

The deal is expected to close in the second quarter.

Consolidated Thompson said cash flow from operating activities was positive for the second quarter in a row at C$14.1 million. In the year-ago quarter, it was a negative C$43.6 million. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Don Sebastian)

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