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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 26, 2018 2:55am
110 Views
Post# 27942333

No boat to China?

No boat to China?Lydia Oldendorff is moored at Pointe Noire but no further shipments on the current schedule. Tempo (240,000 tonnes) scheduled for 15th May has been cancelled: https://www.portsi.com/wp-content/uploads/2018/04/2018-04-Courrant.pdf So what's going on? I found another article from a couple of weeks ago, that refers to Bloom Lake in relation to the IOC strike: https://ici.radio-canada.ca/nouvelle/1094015/minerai-travailleur-cote-nord Google translation: Strike delayed for IOC workers in Sept-les Union workers at IOC mine in Sept-les will not go on strike on Tuesday as the Steelworkers and the employer have failed to agree on essential services to be maintained during the conflict working. According to the Steelworkers' Union, the issue will have to be decided by the Canada Labor Relations Board. Union representative Dany Maltais says the two sides have failed to agree on rail transportation. "It's iron ore at Iron Ore Quebec. We know that the employer has a contract with this company and the employer wants to get ore from Bloom Lake, "he explains. "For us, as a union, we understand that it is not at all an essential service." -Dany Maltais, representative of the Steelworkers Union Reviewing the file could take a few weeks, the USW believes. The IOC company has not reacted for the moment. The union members of IOC in Sept-les hold a strike mandate since March 8. The workers voted in favour of initiating a work stoppage in a proportion of 99.2%. ................................................................................................................... CIA might be delaying further ship bookings in anticipation of a possible ruling by the Canadian Labour Relations board that IOC moving another company's iron ore (Bloom Lake) is not an essential service. If so then the IOC workers that are not laid off by the company are then free to strike. CIA won't want to contract ships, then turn them away at Pointe Noire due to IOC rail disruption. I hope I am wrong about all this? ..
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