August 16, 2019
Champion Iron completes refinancing and acquisition of 100% of Bloom Lake.
About Champion
Leader in High-Grade
Mining & Development
Discover the unique vision of a company that instills its mark worldwide
in iron ore exploration and development.
Listed on the stock market, focused on performance
Champion Iron 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.
Bloom Lake, our company’s flagship asset, has proven its ability to economically produce a high-grade iron ore concentrate. With its current nameplate capacity of 7.4 Mtpa, our company recently released a feasibility study that looks to double capacity at Bloom Lake.
Champion Iron represents the future of the Canadian iron mining industry.
Proven management
Skilled workforce
Innovative technologies
Major investments in state-of-the-art EQUIPMENT
An exemplary environmental approachOrganizational chart
A strong history of value creation
and operational ability
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
Strong operational and financial 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 concentrate is obtained from an iron oxide ore—a high quality, coarse specular hematite—which liberates at an 850-micron grind size, with no sign of deleterious elements.
The company continues to increase its efforts to eliminate risks related to its projects and to maximize economic aspects by working with other stakeholders in the Labrador Trough.
To learn more about Champion Iron and its subsidiaries, contact us.
