16
Aug
16:13
Champion Iron buys out Quebec's shares
Canadian iron ore miner Champion Iron Limited has bought the Quebec province’s remaining interest in the company, Kallanish learns from a company release.
Quebec, via its Ressources Québec Inc agent, held a 36.8% controlling interest in Champion prior to the transaction. Champion now owns 100% of its Bloom Lake iron mine.
Financial terms were not strictly disclosed – however, in May, Champion raised CAD 185 million ($139.11) via a share off…
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