Champion Iron (ASX:CIA | TSX:CIA) is an iron ore exploration and development company, with major projects in the southern Labrador Trough, Canada’s largest iron ore-producing region.
Champion Iron, through its wholly owned subsidiary Champion Iron Mines Limited, is developing eight iron-rich projects in a 707 km2 area. Each project is strategically located close to the electrical grid, all-season roads and railway lines. This infrastructure connects the projects to a terminal located in water that does not freeze, on the north shore of the Gulf of St. Lawrence.
On April 11, 2016, they officially became the new owner of the Bloom Lake Mine facilities, acquired from Cliffs Natural Resources for $10.5 million.
The property is located approximately 13 km north of Fermont, Quebec and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada.
The Bloom Lake Mine facilities include a railway that ensures transport of the high-quality iron concentrate to a loading port in Sept-Îles, Quebec.
Champion Iron (ASX:CIA | TSX:CIA) will be presenting their mining projects to prospective investors at Mines and Money Asia. Claim your free investor pass