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.

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Champion Iron Ord Shs

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Comment by sam0408on Jul 21, 2019 10:57pm

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Post# 29944802

RE:RE:RE:RE:Ocean freight eating profits

See wsj article below: . https://www.wsj.com/articles/bulk-freight-shipping-rates-soar-as-vale-resumes-iron-ore-exports-11563466597 . Below is AFR article from last month on IMO 2020 rules: . https://www.afr.com/business/mining/new-freight-fuel-rules-give-edge-to-australian-iron-ore-20190619-p51zb4 . Iron ore futures predict a 15% fall in six months . https://www.hellenicshippingnews.com/iron-ore-market-regains-composure-futures-curve-may-be-too-pricey/ . While I'm bullish CIA from 2021 when mine expansion starts-up, I predict CIA share price might soften in early 2020 on back of weaker IO price but still high freight costs. I'm out of CIA right now but will be back in early 2020. .

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