bloom lake expansion

bloom lake expansion

Bloom Lake Phase II Expansion Project, Quebec, Canada

Bloom Lake Phase II Expansion Project, Quebec The Bloom Lake Property is an open-pit iron mining operation located in the province of Quebec, Canada. The project is fully-owned by Champion Iron through its subsidiary Quebec Iron Ore.

Bloom Lake expansion project will double our production by

Mar 09, 2021 Bloom Lake expansion project will double our production by mid-2022: Champion Iron CEO David Cataford, CEO of Champion Iron, talks about his company strategy to continue growing amid the COVID-19 pandemic as it benefits from rising iron prices.

Champion Iron reports record Bloom Lake production

Apr 29, 2021 Bloom Lake expansion. An expansion of Bloom Lake, which will double production to 15 million t/y from 7.4 million t/y, is under way and on track

Bloom Lake Champion Iron

On April 11, 2016, Champion Iron officially became the new owner of the Bloom Lake Mine facilities, acquired from Cliffs Natural Resources for $10.5 million. The property is approximately 13 km north of Fermont, Québec and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada.

Champion Iron approves $512.6-million expansion of Bloom

Nov 12, 2020 Thu., Nov. 12, 2020 timer 1 min. read MONTREAL Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is

Champion Iron Announces Final Approval of the Phase II

Nov 12, 2020 Concurrently with this commitment, the Company's Board of Directors (the "Board") has provided final approval to complete the Bloom Lake Phase II expansion project (the "Phase II"), which aims to double the nameplate capacity of Bloom Lake to 15 Mtpa of high-grade iron ore concentrate.

Champion Iron approves $512.6 million expansion of Bloom

Nov 17, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion Iron reports record Bloom Lake production

Apr 29, 2021 Bloom Lake expansion. An expansion of Bloom Lake, which will double production to 15 million t/y from 7.4 million t/y, is under way and on track to be completed by mid-2022. There are currently 200 employees and contractors working on the Bloom Lake Phase II expansion. (The company has a recently expanded, onsite rapid testing Covid-19 lab to

Champion Iron approves $512.6-million expansion of Bloom

Nov 12, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs

Champion Iron commits to phase II expansion at Bloom Lake

Champion Iron (TSX: CIA) said today its board gave final approval to its C$512.6 million Bloom Lake Mine Phase II project. The company said it is well positioned to double Bloom Lake's nameplate capacity. In 2020 Champion Iron produced 7.9 million wet metric tonnes or iron ore.

Champion Iron approves $512.6 million expansion of Bloom

Nov 17, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion Iron approves $512.6M expansion of Bloom Lake

Nov 12, 2020 Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019. CEO David Cataford says the decision to proceed is based on rising global demand for iron ore.

Champion Iron reports record Bloom Lake production News Dome

Bloom Lake expansion. An expansion of Bloom Lake, which will double production to 15 million t/y from 7.4 million t/y, is under way and on track to be completed by mid-2022. There are currently 200 employees and contractors working on the Bloom Lake Phase II expansion.

Champion Iron approves $512.6-million expansion of Bloom

Nov 12, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion Iron reports record Bloom Lake production

Apr 30, 2021 There are currently 200 employees and contractors working on the Bloom Lake Phase II expansion. (The company has a recently expanded, onsite rapid

Bloom Lake feasibility study results show expansion would

Jun 20, 2019 Champion Iron released the results of a feasibility study on its Bloom Lake Phase II expansion on Thursday, detailing a planto increase its overall capacity from 7.5 Mtpa to 15 Mtpa of 66.2 per cent iron ore concentrate. The company estimates the expansion will cost $633.8 million.

Champion Iron Reports its FY2021 Fourth Quarter Production

Apr 28, 2021 New annual production record of 8,001,200 wet metric tonnes as the Bloom Lake Mine Phase II expansion advances as per expectations Construction work

Champion Iron unearths 33.4% IRR for Bloom Lake expansion

Jun 20, 2019 Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of

Cliffs puts hold on expansion of Bloom Lake Mine

Cliffs Natural Resources has put plans to expand the magnetite processing facility at its Bloom Lake Mine on hold, a senior executive said in an analyst and investor day webcast on Tuesday July 31.

Major Mines & Projects Bloom Lake Mine

On August 2, 2019 Champion Iron Files Feasibility Study for the Phase II Expansion at Bloom Lake. The Feasibility Study envisions increasing overall capacity at Bloom Lake from 7.4Mtpa to 15Mtpa of 66.2% Fe iron ore concentrate. Supported by the strong economics demonstrated in the Feasibility Study, the Company's board of directors has

Mining News

MONTREAL, Aug. 2, 2019 /CNW/ Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or the "Company") is pleased to announce the filing on SEDAR of the feasibility study ("Feasibility Study") for the Phase II expansion of the Bloom Lake Mining Complex ("Bloom Lake"), the results of which were previously reported by the Company on June 20, 2019 (the "Release").

Champion gives formal green light to Bloom Lake expansion

Champion has about $426 million cash on hand, with the remaining capital required for the expansion estimated to be $512.6 million. The company produced nearly 2.27Mt of concentrate last quarter from Bloom Lake (in Canada), equivalent to an annual run rate of about 9Mt.

Champion Iron approves $512.6-million expansion of Bloom

Nov 12, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs

Champion Iron approves $512.6 million expansion of Bloom

Nov 17, 2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion Iron commits to phase II expansion at Bloom Lake

Champion Iron (TSX: CIA) said today its board gave final approval to its C$512.6 million Bloom Lake Mine Phase II project. The company said it is well positioned to double Bloom Lake's nameplate capacity. In 2020 Champion Iron produced 7.9 million wet metric tonnes or iron ore.

Champion Iron approves $512.6M expansion of Bloom Lake

Nov 12, 2020 Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019. CEO David Cataford says the decision to proceed is based on rising global demand for iron ore.

Champion Iron approves $512.6-million expansion of Bloom

Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion

Champion Iron unearths 33.4% IRR for Bloom Lake expansion

Jun 20, 2019 Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of Fermont.

Major Mines & Projects Bloom Lake Mine

On August 2, 2019 Champion Iron Files Feasibility Study for the Phase II Expansion at Bloom Lake. The Feasibility Study envisions increasing overall capacity at Bloom Lake from 7.4Mtpa to 15Mtpa of 66.2% Fe iron ore concentrate. Supported by the strong economics demonstrated in the Feasibility Study, the Company's board of directors has

CHAMPION IRON TO RAMP UP MINING OPERATIONS AT ITS BLOOM

Mar 24, 2020 In June 2019, the Company released a feasibility study for the Phase II expansion which envisions doubling Bloom Lake’s overall capacity from 7.4 Mtpa to 15 Mtpa. On August 16, 2019, the Company acquired Ressources Québec’s 36.8% equity interest in Québec Iron Ore Inc. and now owns 100% of Québec Iron Ore Inc., which owns Bloom Lake.

Champion continuing down Bloom Lake expansion path

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.

Cliffs puts hold on expansion of Bloom Lake Mine

Cliffs Natural Resources has put plans to expand the magnetite processing facility at its Bloom Lake Mine on hold, a senior executive said in an analyst and investor day webcast on Tuesday July 31.

Champion Iron Doubling Production at Bloom Lake E & MJ

The Bloom Lake expansion project benefits from excellent access to power, water, roads, rail, ports, and a highly professional mining labor market, as well as the government of Quebec’s continued support of new investment and mining. The Phase II expansion feasibility study was conducted by BBA Inc.

Champion gives formal green light to Bloom Lake expansion

Champion has about $426 million cash on hand, with the remaining capital required for the expansion estimated to be $512.6 million. The company produced nearly 2.27Mt of concentrate last quarter from Bloom Lake (in Canada), equivalent to an annual run rate of about 9Mt.

Cliffs likely to expand Bloom Lake or shut it down

Jan 07, 2014 If Cliffs does greenlight the Phase 2 Bloom Lake expansion, it raises the additional question of whether to bring in a partner. If Cliffs decides to build it alone, Mr. Littlewood said the company would require a capital raise or an “iron ore price miracle.” He suspects that would be negative for the share price and would encourage shorting.

IRON ORE: Champion Iron unearths 33.4% IRR for Bloom Lake

Jun 20, 2019 QUEBEC Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of Fermont.The after tax internal rate of return is a healthy 33.4% and the net present value is $1.53 billion. The expansion would double output to 15 million tonnes of 66.2% iron concentrate annually.