CAPITAL MARKETS

Glencore backing Champion

GLENCORE has made a surprise foray into Canada’s iron ore space by lending ASX-listed Champion Iron US$25 million to partially fund the restart of its 63.2%-owned Bloom Lake iron mine in Quebec.

MiningNews.Net
Glencore backing Champion

Champion CEO Michael O’Keeffe said the funding gives its capital raise a “significant boost”, adding to the $180 million already committed to resume operations at Bloom Lake, which the company acquired...

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