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Update: Champion remains optimistic at Bloom Lake
Champion Iron (TSX: CIA; ASX: CIA) is focused on reducing costs at the recently acquired Bloom Lake iron ore mine in the Labrador Trough, as part of a plan to restart the operation when prices for the steelmaking metal improve. Champion…
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IRON ORE: Champion Iron closes acquisition of Bloom Lake property
QUEBEC – Champion Iron of Montreal has completed a $30 million financing and closed the acquisition of the Bloom Lake iron ore mine 400 km north of Sept-Iles. The deal included includes the former producer, related rail assets, and the…
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Champion Iron buys Bloom Lake
Champion Iron (TSX:CIA; ASX:CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine for a fraction of its previous purchase price. Champion recently agreed to buy the mine, related rail and mineral assets in…