Prices
June 14, 2023
Champion Iron Resumes Rail Service, Expects Delays in Sales
Written by Laura Miller
The forest fires raging in Canada caused rail interruptions for Champion Iron last week. With the fires now subsiding in the area, the company reports a resumption in rail services between its Bloom Lake mine and the port of Sept-Îles on the Gulf of St. Lawrence in Quebec.
Mining activities continued at Bloom Lake while rail services were suspended, and thus the operation now has a stockpile of iron ore concentrate, Champion said in a press release.
“Following the gradual ramp-up in capacity of the railway and limited additional availability of rolling stock to accommodate excess volumes beyond Bloom Lake’s production capacity,” the Montreal-based company says to expect delays in sales of concentrate from the operation.
Champion’s subsidiary Quebec Iron Ore Inc. operates the open-pit Bloom Lake Mining Complex in Quebec. Its two concentrators, ran primarily by hydroelectric power, have a combined annual capacity of 15 million tons of iron ore concentrate.
By Laura Miller, laura@steelmarketupdate.com
