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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 sam0408on Apr 21, 2018 1:22am
178 Views
Post# 27920958

IOC to lay off 300 workers at Sept-Iles

IOC to lay off 300 workers at Sept-IlesIOC are laying off 300 port workers. This leaves 150 workers to operate the QNS&L railway as they are not on strike currently due to a pending ruling on what constitutes 'essential services' on the railway. Unsure at this stage if this will have an impact on CIA's rail shipments? Article below: https://www.journaldequebec.com/2018/04/20/300-employes-seront-mis-a-pied-chez-riotinto-ioc-de-sept-iles-1 Google translation: 300 employees will be laid off at RioTinto IOC Sept-les SEPT-LES | Workers at RioTinto IOC in Sept-les learned Friday afternoon that two-thirds of them, 300 people, will be laid off on May 14. The mining company made the decision following a strike strike four weeks ago by workers at the mine in Labrador. The iron ore handling and loading activities in Sept-les are interrupted by the production stoppage at the mine. The workers of Sept-les showed their solidarity with their colleagues from the north during a march held late Friday afternoon. "We are not surprised at this and the employees knew it too. This is certainly striking because it concerns almost two-thirds of employees. They do not have access to any strike relief fund. They are laid off. We're going to look for the UI procedures in the meantime, "said USW Local 9344 President Eddy Wright. .
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