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 > Buyout

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Comment by Thumb1972on Aug 28, 2022 3:47am

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Post# 34925027

RE:Buyout

I think that buyout rumors stem from MOK's 'business style' where he has had previous success with sales of Riversdale Mining (acquired by Rio) and Riversdale Resources (acquired by Hancock Prospecting).

I doubt the company would sell for anything less than replacement value of the asset (circa $5-6B USD?) plus hopefully a premium on top of that.

There's no need to rush into a sale, share ownership structure also lends to a friendly buyout if it were to happen.

Best,
Thumb

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