Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Champion has an eye on the Pointe-Noire pellet plant

http://www.lapresse.ca/le-soleil/affaires/les-regions/201702/17/01-5070700-champion-a-loeil-sur-lusine-de-bouletage-de-pointe-noire.php?utm_categorieinterne=trafficdrivers&utm_contenuinterne=envoyer_cbp

GOOGLE Translation:

Champion, who took control of the Bloom Lake mine near Fermont, confirmed to the Sun that he would respond to the call from Quebec City, which is looking for the rare gem to revive the pellet factory Of iron, closed in 2013. Thursday, Le Soleil revealed that the State would launch within the next few days a call for projects to relaunch activities.

"This is not mandatory for the success of the Bloom Lake mine," said David Cataford, vice president of engineering for the company. "But it's something we're going to watch for sure," he adds, claiming that Champion will "show" his interest well before the deadline set by the government somewhere at the end of the month.

On Thursday, the company revealed the fruits of its feasibility study to reopen the machines of its new iron mine, acquired for $ 10.5 million in April. Champion will have to raise some $ 327 million if it wants to restart the site, operated by Cliffs until the end of its operations in Quebec and Labrador in December 2014.


With the pellet plant, Champion would have the opportunity to transform its production from Bloom Lake to Pointe-Noire, from where it will be shipped anyway.

"[Having a pellet plant] is a possibility that we have already worked on in our different visions, but it is still embryonic," said Mr. Cataford.

Tata Steel not interested

The Sun surveyed the interest of Tata Steel Minerals Canada, which operates the DSO deposit at Schefferville and whose production will ultimately also have to transit through Pointe-Noire. "At this point, we are not interested," said the company, explaining that "the focus" for now is on maintaining "sustainable operations".

ArcelorMittal, which already has a pellet plant in Port-Cartier, said "not commenting on strategic issues", but argued "focus on its assets on the North Shore". Rio Tinto IOC, also owner of a pellet plant, but this time in Labrador City, did not respond to our request

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