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 > BLACKROCK

<< Previous

Bullboard Posts

Next >>

Comment by Thumb1972on Jul 04, 2022 11:06am

283 Views

Post# 34799133

RE:RE:BLACKROCK

I agree that it's a vote of confidence. Blackrocks' recent purchases appear to be closer to 7 million shares taking its stake over the 5% threshold, therefore requiring notice of becoming a substantial holder.

Blackrock also upped its stake in Swiss company Ferrexpo to 5.67% (19 Aril 2022), I'm sure it sees big value in high grade iron ore, which also aligns with commitments made to be more sustainably focused with its investments.

Best regards,
Thumb

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec