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Champion Iron Ord Shs CIAFF


Primary Symbol: T.CIA

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

Comment by Thumb1972on Apr 28, 2024 6:40am
232 Views
Post# 36011392

RE:Re l like Champion lron

RE:Re l like Champion lron Hi auaghunter,

About 53% of sales are to China and 2% to India. There's some good information at its website located under Events & Presentations.

I agree, it was great news to lock in an amicable agreement for 5 years with the unionized employees. 

Some unfortunate challenge with our rail operator, hopefull this is, or will be, sorted forthwith. 

I truly believe CIA is too good to not receive a favorable offer from a bigger player looking to seure its future with an abundant supply of high grade iron ore. 

Wishing you all the best,
Thumb


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