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 > Did they really buy the Bloom Lake

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Comment by Tothemoon2on May 10, 2021 3:19pm

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Post# 33166690

RE:RE:Did they really buy the Bloom Lake

Thats when the transaction happened. I thought they said Cliffs spent nearly 4 Billion on the project and sold during bankruptcy for 10 million cash and the assumption of 40 some million of liabilties. Cliffs had 3/4 of the phase two expansion paid for too so only gonna cost 450 million to complete. Sold VALE and adding here.

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