Given where we are, ours is a 100% export business. We have two departs. One is the inland transport, which is the rail transport.
Our mine is situated up north in the Menihek and the Schefferville regions across Quebec and Labrador. The iron ore has to travel more than 600 kilometres to come to the port.
One part is the rail logistics. There are parts of the rail set-up that need improvement and upgrading. As you know, Schefferville is connected by air and rail. There are communities there and there are businesses that are running and there is opportunity to grow. That is one dimension of it—the rail part, which needs improvement and upgrading.
First, the plain economics may not work out. Individual mining companies may not be able to pump in the amount of money required to make it robust for their own consumption, the public's consumption and the growth opportunities that may arise.
The second is around the port. For bulk commodities like iron ore, when we talk about millions of tonnes, that's a huge volume. For those not in the business, it's difficult to visualize. World-class infrastructure in terms of cost and service is required. I think the transport policy should consider that as a trigger for economic development because that's where we are struggling right now in Canada. There is a huge gap in infrastructure, cost structure and port services.
To extend my argument for your information, the federal government along with the mining companies invested $220 million in a deep-sea terminal at Pointe-Noire. The issue of access and moving your product to the transfer tower of the new terminal is still unsolved. It's like having an apartment on the 48th floor in the best building in town, but there is no escalator or elevator. That's the situation.