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...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.