Champion stock gains on resolving longstanding Sept-Îles Port dispute

July 18, 2017

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The TSX-listed stock of project redeveloper Champion Iron on Tuesday gained more than 4% after the company announced that it has settled a dispute with the Sept-Îles Port Authority, from where iron-ore product from the Bloom Lake mine, in Quebec, will be shipped to market.
The Montreal-based company announced that its subsidiary Champion Iron Mines (CIM) entered a conditional settlement agreement, resolving without admission, its dispute with the Port of Sept-Îles concerning the July 13, 2012 take-or-pay accord entered between the parties.

Category: General