December 20, 2010 / 1:56 PM / 7 years ago

UPDATE 1-Consolidated Thompson carrier suspends railway ops

* Railway operations suspended due to heavy rainfall

* Says suspension does not affect Bloom Lake production

Dec 20 (Reuters) - Canada’s Consolidated Thompson Iron Mines Ltd CLM.TO said its rail transportation carrier suspended operations for about 14 days, but that it would not affect production at its flagship Bloom Lake property in Quebec.

The suspension was due to damage to some parts of the railway caused by heavy rain and extreme wind in the North Shore sector of Quebec, the Montreal-based miner said. QNS&L Railway, the carrier, is seeking to reinstate the service. Consolidated Thompson is maintaining normal production activity at Bloom Lake, it said.

“The only impact is the postponement of loading one vessel to the following month,” Chief Executive Brian Tobin said in a statement.

The stock, which has gained 20 percent in value since the company posted its first-ever quarterly profit in November, closed at C$12.97 on Friday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by S. John Tilak) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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