While iron-ore price crawls sideways, Champion readies for Bloom Lake revival

June 2, 2016

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Despite the price outlook for the steelmaking ingredient iron-ore at best crawling sideways in 2016, TSX- and ASX-listed junior Champion Iron is preparing a restart of its recently acquired Bloom Lake mine, near Fremont, Quebec, as soon as markets improve.
Under the leadership of chairperson and CEO Michael O’Keeffe, Champion subsidiary Quebec Iron Ore had on April 11 closed the $10.5-million acquisition of Cliffs Natural Resources’ Bloom Lake assets and the Quinto claims, located opposite its flagship Fire Lake iron-ore project in the famous high-grade Labrador Trough mining district, straddling the provincial borders of Newfoundland and Quebec.

Category: General