April 11, 2026
Champion Iron completes the acquisition of Rana Gruber.
About Champion
Leader in High-Grade
Mining & Development
Discover the unique vision of a company that instills its mark worldwide
in high-purity iron ore exploration and development.
Listed on the ASX and TSX under symbol “CIA” and available to trade on the OTCQX under symbol “CIAFF”
Champion is a high-purity iron ore producer with operations in Canada and Norway. Through its wholly-owned subsidiary Quebec Iron Ore Inc., Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wet metric tonnes per year that produce low contaminant high-grade 66.2% Fe iron ore concentrate with a proven ability to produce a 67.5% Fe direct reduction quality iron ore concentrate. Champion transports its iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-Îles, Québec. Benefiting from one of the highest purity resources globally, Champion is investing to be able to upgrade up to half of the Bloom Lake’s mine capacity to a direct reduction quality pellet feed iron ore with up to 69% Fe. Bloom Lake’s high-grade and lower contaminant iron ore products have attracted a premium to the P61 index (formerly the P62 index).
Champion also owns and operates Rana Gruber ASA, a Norwegian iron ore producer based in Mo i Rana, Nordland. With continuous production dating back to the 1960’s, Rana Gruber produces approximately 1.8M dry metric tonnes per year of hematite and magnetite iron ore concentrates.
From its two operating mines, Champion has delivered iron ore concentrates to global markets, including China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to its producing mines, Champion holds a 51% interest in Kami Iron Mine Partnership, jointly owned with Nippon Steel Corporation and Sojitz Corporation, which owns the Kami Project. The Kami Project is located near available infrastructure, only 21 kilometres southeast of Bloom Lake. Champion also holds a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II properties, situated within 60 kilometres south of Bloom Lake.
Champion Iron is a producer of high-purity iron ore with a diversified portfolio of assets in Canada and Norway.
Proven management
Skilled workforce
Innovative technologies
Major investments in state-of-the-art EQUIPMENT
An exemplary environmental approach
Simplified Organizational Chart
A strong history of value creation
and operational ability
July 21, 2025
Champion Iron enters into a definitive agreement with Nippon Steel and Sojitz to form a partnership for the Kami Project.
December 18, 2024
Champion Iron announces a partnership with Nippon Steel and Sojitz to advance the feasibility assessment and potential development of the Kami Project.
November 29, 2023
Champion Iron completes US$230M term loan financing, increasing liquidity for growth opportunities to decarbonize steelmaking.
August 22, 2023
Champion Iron updates mineral resources and reserves for its Bloom Lake Operations.
January 26, 2023
Champion Iron announces that Bloom Lake Phase II expansion reaches commercial production and the positive findings of the direct reduction pellet feed project feasibility study.
May 3, 2022
Champion Iron completes first rail shipments from the Bloom Lake mine’s Phase II expansion.
April 1, 2021
Champion Iron announces the closing of the Kami Project acquisition.
August 16, 2019
Champion Iron completes refinancing and acquisition of 100% of Bloom Lake.
June 20, 2019
Champion Iron announces an after-tax IRR of 33.4% in feasibility study for the phase II expansion at Bloom Lake.
June 20, 2019
Reports strong first year results
Achieves record production of 6,994,500 wmt of high-grade 66.4% Fe concentrate and strong operating cash flow of $176.7 million for the first full year.
February 22, 2018
Commissioning of the mine
The first train loaded with 16,500 metric tonnes of high-grade 66% Fe concentrate from QIO’s Bloom Lake Iron Ore Mine (“Bloom Lake”) left Fermont for Sept-Îles.
April 11, 2016
Champion Iron, through its subsidiary Quebec Iron Ore, acquired the Bloom Lake Mine and related rail assets from affiliates of Cliffs Natural Resources Inc.
February 7, 2013
Champion Iron presented the results of a preliminary feasibility study for the Consolidated Fire Lake North (CFLN) project, located in the center of the Fermont Iron Ore District (FIOD). The study estimates the CFLN’s net present value at $3.3 billion, net of 8% cash flow, with a 30.9% internal rate of return and a 3.4-year payback period for initial capital.
The average production of iron ore concentrate will yield 9.3 million tonnes annually (Mtpa), with an impressive 66% Fe iron content over a 20-year mine life.
A resource of Superior Quality
The high‑grade iron ore concentrate is obtained from an iron oxide ore—a high quality, coarse specular hematite—which liberates at a corse grind size, with no sign of deleterious elements.
With high‑quality assets in both Canada and Norway, Champion Iron benefits from a diversified portfolio of premium iron ore resources, strengthening its ability to reliably supply global steelmakers over the long term.
The Company advances its projects through disciplined development and close collaboration with stakeholders, creating sustainable value across its operating regions.
To learn more about Champion Iron and its subsidiaries, contact us.
