Champion Iron Ord Shs CIAFF

Primary Symbol: T.CIA

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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Post by donaldrideouton Feb 25, 2024 6:18pm

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Post# 35898145

champion

LAKE BLOOM IRON MINE

AGREEMENT IN PRINCIPLE AT QUEBEC IRON ORE (CHAMPION IRON)

MEMBERS WILL REPLY WITHIN THE WEEK

PUBLISHED: 02/25/2024

Sept-les, Sunday, February 25, 2024 — An agreement in principle has been reached between the negotiating committee of Local section 9996 of the United Steelworkers/Mtallos representing the 712 union members of Qubec Iron Ore and that of the company.

Members will be asked to make their decisions during general meetings which will be held this week, the last being scheduled for Thursday. No details will be revealed and no comments will be made until all members have read the agreement in principle and have expressed their views. The Syndicat des Mtallos(Steelworkers), affiliated with the FTQ, is the largest private sector union in Quebec. It brings together more than 60,000 workers from all economic sectors.