Champion chases future fortune

CONTRARIAN junior Champion Iron is buying the Bloom Lake mine and related rail assets in Quebec, Canada for $C10.5 million in a deal that also sees it taking on environmental liabilities of over $40 million.

Champion chases future fortune Champion chases future fortune Champion chases future fortune Champion chases future fortune Champion chases future fortune

Champion is run by metallurgist Michael O’Keefe, who made a fortune at the turn of the decade selling what turned out to be a dud coal project in Mozambique to Rio Tinto.