Champion secures finance for mine restart

CHAMPION Iron has secured debt commitments of US$180 million for the restart of the Bloom Lake iron ore mine in Quebec.

Champion secures finance for mine restart Champion secures finance for mine restart Champion secures finance for mine restart Champion secures finance for mine restart Champion secures finance for mine restart

Caisse de dépôt et placement du Quebec will provide a seven-year $100 million subordinated loan, carrying an interest rate of 12% in the first year and an interest rate linked to the iron ore price in