nowwhat2
3年前
About Champion Iron Limited
Champion Iron Limited, through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Québec. Bloom Lake is an open-pit operation with a concentrator that primarily sources energy from renewable hydroelectric power. The Bloom Lake Phase I plant has a nameplate capacity of 7.4 Mtpa and produces a low contaminant high-grade 66.2% Fe iron ore concentrate and proved its ability to produce a 67.5% Fe direct reduction quality concentrate, which has attracted a premium to the Platts IODEX 62% Fe iron ore benchmark. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-Îles, Québec, and sells its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to the ongoing construction to complete the Bloom Lake Phase II project, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project located a few kilometres south-east of Bloom Lake, and the Consolidated Fire Lake North iron ore project, located approximately 40 km south of Bloom Lake.
MONTRÉAL, Jan. 12, 2022 /CNW Telbec/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that it will be hosting a conference call and webcast on January 27, 2022 at 8:30 AM EDT (Montréal Time) / January 28, 2022 at 12:30 AM AEDT (Sydney time) with senior management, during which they will review the Company's financial and operational results for the third quarter of the fiscal year ending March 31, 2022.
Sept 27th 2021
Oct 29th
2.5 months later
Dionne
8年前
Anybody else is watching closely here? I don't get why no one is talking about this company. Here's how I see it as of now.
In 2011, Cliffs Natural Resources (NYSE:CLF) bought the Bloom Lake Mine in Eastern Canada (Quebec) for some US$4.9 billion. Iron ore prices then dropped like never before (may not be a fact, but it still dropped like crazy) and Cliffs ended up closing it's ''troubled'' canadian operations. In 2015, Champion Iron bought the mine for pennies compared to what it once sold while iron ore prices were better.
http://www.championiron.com/champion-iron/champion-iron-completes-c30-million-financing-and-closes-acquisition-of-the-bloom-lake-mine-and-related-assets/
http://www.mining.com/840654-2/
In February of this year, they completed a feasability study and I can't really see anything negative about it.
http://www.championiron.com/champion-iron/2017/champion-iron-announces-completion-of-bloom-lake-mine-feasibility-study/
On March 16th, 2017 they annonced the acquisition of 735 railcars, which to me sounds like they are getting only closer to restarting the mine, or else why buying those in the first place?
http://www.championiron.com/champion-iron/champion-iron-acquires-735-specialized-iron-ore-railcars-for-bloom-lake-mine/
Considering it being a really big mine, having an expected life of more than 20 years. Having a cost of about 45$ a tonne with prices getting to better levels.
http://www.marketindex.com.au/iron-ore
Anyone else following the stock? I feel like they will annonce anytime now the reopening of the mine...