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Champion closes in on iron ore restart

Champion Iron (CN:CIA) is well on its way to funding the restart of its Bloom Lake iron ore mine in Quebec, Canada, after securing a cornerstone debt facility with the Caisse de depot et placement du Quebec pension fund and Sprott.

Mining Journal
Champion is hoping to give Bloom Lake a new lease of life

Champion is hoping to give Bloom Lake a new lease of life

The two funds have agreed to provide the company with US$180 million as part of two separate loan facilities, which covers the majority of the C$326.8 million (US$257 million) Champion needs to bring the...

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