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Champion buys more iron on the cheap

Champion Iron Ore seems to have snagged another decent asset at a good price, agreeing to buy the Kami project in western Labrador, Canada, previously operated by Alderon Iron Ore Corp, out of bankruptcy.

Champion buys more iron on the cheap Champion buys more iron on the cheap Champion buys more iron on the cheap Champion buys more iron on the cheap Champion buys more iron on the cheap

Champion Iron has acquired former Alderon Iron Ore Corp's flagship Kami project in Labrador

Kami is about 15km east of Champion's Bloom Lake mine, where the board last week pulled the trigger on an expansion to double production capacity to 15 million tonnes per annum over the next 18