PROJECT FINANCE

Champion boosts Bloom Lake stake

DUAL-listed Champion Iron is refinancing its subsidiary Québec Iron Ore to reduce its capital costs and move to 100% ownership of the Bloom Lake high-grade iron ore project in Canada.

 Bloom Lake.

Bloom Lake.

The company has conclude a deal worth C$185 million with la Caisse de dépôt et placement du Québec for a preferred share offering and has a commitment for a fully underwritten US$200 million credit facility...

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