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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.


TSX:CIA - Post by User

Comment by Gr8brt10on Feb 22, 2022 6:10am
180 Views
Post# 34449225

RE:RE:Ukraine effects??

RE:RE:Ukraine effects??Let me try and say that better...

I don't see any impact on global Iron ore prices except regionally as local supply to steel makers could be impacted. 

Generally, for many miners and smelters (steel, alluminium, etc) however, higher energy costs will have an impact on their production costs but not so for CIA. They use hydro-electric energy in mining iron ore. Also, may be positive as their high quality iron ore should be in greater demand (trade at a greater premium) as it allows steel makers to better manage the higher energy costs
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