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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

Bullboard Posts
Post by Anytime7on Feb 09, 2017 1:32pm
856 Views
Post# 25823809

some news, this is just part of the article

some news, this is just part of the article
STPHANE CHAMPAGNE

Collaboration spciale

La Presse
 

La Cte-Nord est la rgion qubcoise qui a le plus souffert de la chute du prix des mtaux. Toutefois, ce territoire huit fois plus grand que la Belgique n'est pas l'agonie.

Malgr un creux, son conomie recommence enfin tourner et se diversifie lentement, mais srement. Les socits minires et les multinationales y investissent. Le secteur de l'ducation y est effervescent. Et le transport maritime y sera plus efficace, dit-on.

Aprs l'euphorie de la croissance, la Cte-Nord a connu un lendemain brutal. Le prix des matires premires a chut (fer et aluminium au premier chef). Cliffs Natural Ressources a ferm et dmantel ses installations de Sept-les et du lac Bloom. Labrador Iron Mine (LIM) a mis fin ses activits. Sans oublier les hauts et les bas de l'industrie forestire, qui reprend du poil de la bte ces temps-ci.


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