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Bullboard - Stock Discussion Forum 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... see more

TSX:CIA - Post Discussion

Champion Iron Ord Shs > Iron pellet plan
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Post by Borealiste on Jul 24, 2024 10:20am

Iron pellet plan

In your opinion, should we forget the project to reopen the iron pellet plan in Pointe-Noire? Their study concerning this project has now been pending for 7 months and nothing is clear!
 
 
 
 
Comment by ElanS2 on Jul 25, 2024 1:16pm
IMHO  "Reopening the Wabush pellet plant is a silly dream by someone who had not yet done their DD. The place is a wreck. It would be better to demolish everything, sell the scrap, and build a new installation incorporating new technologies from the ground up. The actual wreck dates from the mid 60s and was never upgraded or expanded while others in the region were doing exactly that ...more  
Comment by Borealiste on Jul 25, 2024 6:18pm
ok thanks, I already know that living in 7-iles, but how do you explain the purchase of the factory and their publication and interview on the study of a reopening and then their silence. We know that this factory is in very poor condition, so what is the justification for the purchase, for investing in a study? The port of 7-iles was lining up to demolish it and champion came forward just before ...more  
Comment by LabradorTwin on Jul 26, 2024 1:18pm
Reason why you haven't heard about a pellet plan is because they are waiting for the cold pellet technology, Binding Solution technology. As for the buildings David Cataford had said the only reason they bought the pellet plant was for the building, gut job inside.
Comment by Borealiste on Jul 27, 2024 12:15pm
. However, when announcing the purchase, they mentioned that a study would be filed before the end of 2023 concerning the refurbishment of the plant, also the technology is known before 2021. During the Ausimm event in Australia, a conference concerning this technology in connection with Champion is held there: https://www.ausimm.com/publications/conference-proceedings/iron-ore-2021/development ...more  
Comment by LabradorTwin on Jul 28, 2024 12:55pm
Yes, bring on a plan! The goal is 25 Million tonnes and pellets down the road.
Comment by Borealiste on Jul 28, 2024 5:45pm
Yes, bring on a plan! The goal is 25 Million tonnes and pellets down the road.   25 million!! ?? Where does it come from? I don't think they intend to produce that many pellets, we aim to produce 15 million tonnes of minerals!! The question remains, why the study for the plant has not been presented nor an explanation after 7 months of delay!
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