Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

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

Champion Iron Ord Shs

Bullboard Posts

Comment by Saulion Apr 04, 2017 2:14am

191 Views

Post# 26071631

RE:RE:RE:RE:RE:RE:RE:RE:RE:Wabush Mines

Someday,

are you aware of the legal action regarding the Wabush employees pension plan ?
The Court filing dated Jan 30 mentions both Wabush and Bloom Lake.

https://cfcanada.fticonsulting.com/bloomlake/docs/Judgment%20-%20Pension%20Claims%20Jurisdiction.pdf

There's also a stay period ( June 30 ) which allows the Courts time to determine which assets can be liquidated.

https://cfcanada.fticonsulting.com/bloomlake/docs/Order%2001.30.2017.pdf

You may want to consult with a lawyer regarding this matter and the implications.

https://cfcanada.fticonsulting.com/

Sauli

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload