EXPLORATION & DEVELOPMENT

Champion continuing down Bloom Lake expansion path

CHAMPION Iron’s plan to expand iron ore production at Bloom Lake in Quebec, Canada will initially cost it nearly US$450 million, with an after-tax NPV of the expansion modelled at $724 million.

Champion's board sees nothing gloomy about the economics for an expansion at Bloom Lake, Canada

Champion's board sees nothing gloomy about the economics for an expansion at Bloom Lake, Canada

Given the economics Champion's board has approved an initial budget of C$68 million to advance the project during the remainder of 2019, with the company expecting to secure additional funding sources...

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