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02 Apr
21:26

Champion Iron acquires Kami ore project

Montreal-based Champion Iron Limited has acquired the Kamistiatusset (Kami) iron ore project located in Newfoundland near the Québec border, Kallanish reports According to Champion, the Kami project located near the Labrador Trough belt in Newfoundland is a high-grade iron ore project near the company's already established Bloom Lake mine. Alderon Iron Ore, the prior owner of the operation, will receive $15 million in cash as well as the extin…
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