Bloom Lake Phase II Expansion Project, Quebec, Canada

Bloom Lake Phase II Expansion Project, Quebec Bloom Lake project location and geology. The Bloom Lake property is located in the north-eastern part of Quebec, Mineralisation and reserves. Mineralisation at Bloom Lake comprises iron formation and

Bloom Lake expansion project will double our production

09/03/2021 Bloom Lake expansion project will double our production by mid-2022: Champion Iron CEO. David Cataford, CEO of Champion Iron, talks about his company strategy to continue growing amid the COVID-19 pandemic as it benefits from rising iron prices. He says their Bloom Lake Phase II project will

Bloom Lake Champion Iron

Bloom Lake’s iron ore in numbers: Prior to recommissioning in February 2018, the mineral reserves of Phase I were estimated at 411.7 million tonnes, with an average content of 30% Fe. The Phase II expansion project estimates mineral reserves of 807 million tonnes, with an average content of 29% Fe.

Bloom Lake Portfolio Champion Iron Minerai de fer

Avec une expérience reconnue et une clientèle croissante à l’échelle mondiale, Champion Iron est bien placée pour envisager l’achèvement de la phase II du projet d’expansion telle que détaillée dans l’étude de faisabilité publiée en juin 2019, qui propose de doubler à 15 tonnes métriques la capacité nominale de la mine du Lac Bloom.

Champion Iron approves $512.6M expansion of Bloom

Champion Iron approves $512.6M expansion of Bloom Lake mine in Quebec. MONTREAL—Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.

Champion Iron Announces Final Approval of the Phase II

12/11/2020 In addition to the partially completed Bloom Lake Phase II expansion project, Champion also controls a portfolio of exploration and development projects in the Labrador Trough, including the Fire Lake North iron ore project, located approximately 40 km south of Bloom Lake. The Company also owns 100% of the Gullbridge-Powderhorn property located in Northern Central Newfoundland. The Company sells its iron ore

systra Bloom Lake (QIO) 16 MTPA Expansion Project

Bloom Lake (QIO) 16 MTPA Expansion Project Feasibility Study QIO (Quebec Iron Ore Champion Iron) appointed SYSTRA Canada to conduct a feasibility study. This study aims to identify the infrastructure and operational changes required to double the capacity of the 457-km Bloom Lake to Pointe-Noire (Sept-Îles terminal) railway in Quebec, Canada.

Champion Iron okays C$600M Bloom Lake buildout

12/11/2020 The Bloom Lake expansion has a calculated after-tax net present value, at an 8% discount, of $956 million and an internal rate of return of 33.4%. Capex can be paid back in

Bloom Lake expansion project will double our production

David Cataford, CEO of Champion Iron, talks about his company strategy to continue growing amid the COVID-19 pandemic as it benefits from rising iron prices. He says their Bloom Lake Phase II project will help them double production by mid-2022 and will expand the life of the mine by 20 years.

Champion Iron approves $512.6-million expansion of

12/11/2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs

Champion Iron approves $512.6 million expansion of

Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion

Champion Iron approves $512.6-million expansion of

12/11/2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion gives formal green light to Bloom Lake

Champion has about $426 million cash on hand, with the remaining capital required for the expansion estimated to be $512.6 million. The company produced nearly 2.27Mt of concentrate last quarter from Bloom Lake (in Canada), equivalent to an annual run rate of about 9Mt.

Champion Iron approves $512.6M expansion of Bloom

MONTREAL—Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs. The company says the project will take capacity to 15 million tonnes of iron ore per year. It has approved spending about $512.6 million to complete the project over the next 18 months

Champion Iron okays C$600M Bloom Lake buildout

The Bloom Lake expansion has a calculated after-tax net present value, at an 8% discount, of $956 million and an internal rate of return of 33.4%. Capex can be paid back in 2.4 years. The property

Champion continuing down Bloom Lake expansion path

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 Exploration / Development > Feasibility; 21

Champion Iron unearths 33.4% IRR for Bloom Lake

Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of Fermont.

Major Mines & Projects Bloom Lake Mine

On August 2, 2019 Champion Iron Files Feasibility Study for the Phase II Expansion at Bloom Lake. The Feasibility Study envisions increasing overall capacity at Bloom Lake from 7.4Mtpa to 15Mtpa of 66.2% Fe iron ore concentrate. Supported by the strong economics demonstrated in the Feasibility Study, the Company's board of directors has approved an initial budget of $68 million to fund and

Champion Iron approves $512.6-million expansion of

12/11/2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs

Champion Iron approves $512.6-million expansion of

12/11/2020 Funding of the expansion is to come from an amended credit facility, about $426 million in cash on hand and cash flows from operations. Champion bought the Bloom Lake facilities from Cliffs Natural Resources for $10.5 million in 2016. It recommissioned the mine in 2018 and proposed the expansion in 2019.

Champion Iron okays C$600M Bloom Lake buildout

The Bloom Lake expansion has a calculated after-tax net present value, at an 8% discount, of $956 million and an internal rate of return of 33.4%. Capex can be paid back in 2.4 years. The property

Champion gives formal green light to Bloom Lake

Champion has about $426 million cash on hand, with the remaining capital required for the expansion estimated to be $512.6 million. The company produced nearly 2.27Mt of concentrate last quarter from Bloom Lake (in Canada), equivalent to an annual run rate of about 9Mt.

Champion Iron board pushes button on doubling Bloom

Concurrently with this commitment, the company’s Board of Directors has provided final approval to complete the Bloom Lake Phase II expansion project, which aims to double the nameplate capacity of Bloom Lake to 15 Mt/y of high-grade iron ore concentrate. The company expects to fully fund the Phase II project with the additional proceeds from the amended credit facility, its $425.8 million

Champion continuing down Bloom Lake expansion path

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 Exploration / Development > Feasibility; 21

Champion Iron : approves $512.6-million expansion of

MONTREAL — Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.. The company says the project will take capacity to 15 million tonnes of iron ore per year. It has approved spending about $512.6 million to complete the project over the next 18 months.

Bloom Lake feasibility study results show expansion

Champion Iron released the results of a feasibility study on its Bloom Lake Phase II expansion on Thursday, detailing a planto increase its overall capacity from 7.5 Mtpa to 15 Mtpa of 66.2 per cent iron ore concentrate. The company estimates the expansion will cost $633.8 million. As detailed in its press release, Champion would put this towards implementing operational changes, such as

Champion Iron unearths 33.4% IRR for Bloom Lake

Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of Fermont.

Cyanobacterial bloom expansion caused by typhoon

It remains unclear why the area of a cyanobacterial bloom increases in a shallow lake after a typhoon passes. In this study, the mechanisms of cyanobacterial bloom expansion were investigated by studying meteorological factors, water quality, algal biomass, and bloom area in Lake Taihu before and after typhoons (2007-2016).