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Champion ramps up Bloom Lake activity, first train to roll by March

By: Henry Lazenby     30th December 2017 Activities are ramping up at the Bloom Lake mine, in near Fermont, Quebec, with preparations well under way towards the ultimate goal of sending off the first fully laden train of iron-ore by the end of February, or early March. “The highlights have been coming thick and fast this year,” Champion... 

Bloom Lake FS demonstrates financially viable, competitive project

By: Henry Lazenby     16th February 2017 A feasibility study (FS) completed on ASX- and TSX-listed Champion Iron Ore’s Bloom Lake mine, in north-eastern Quebec, has demonstrated a financially viable and competitive project in current global markets. “This is a major result for the company. Based on conservative assumptions, the FS... 

Bloom Lake Phase 2 to proceed only if Cliffs can secure three equity partners

By: Henry Lazenby     28th October 2014 US miner Cliffs Natural Resources on Tuesday said there was no future for its Bloom Lake iron-ore mine, in Quebec, if the Phase 2 expansion was not undertaken. Speaking on his first quarterly results analyst telephone call as chairperson, president and CEO of the company, Laurenco Goncalves said... 

Cliffs books $5.9bn loss on iron-ore, coal asset write-downs

By: Henry Lazenby     28th October 2014 US miner Cliffs Natural Resources has reported a third-quarter net loss of $5.9-billion, or $38.49 a share, after booking a $5.7-billion write-down of its iron-ore and coal assets. The Cleveland, Ohio-based company, which came under new management in July, following activist shareholder... 

Cliffs shares slide on prospect of $6bn Q3 asset impairment charge

By: Henry Lazenby     17th October 2014 US miner Cliffs Natural Resources on Friday reported that it expected to book a $6-billion after-tax noncash impairment on its seaborne iron-ore and coal assets in the third quarter, sending its NYSE-listed stock sliding as much as 10% during intraday trading. The Cleveland, Ohio-based company... 

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