12
Nov
15:38
Champion Iron doubles credit, plans to double output
Canadian iron ore supplier Champion Iron Limited has received approval to double its current credit facility to CAD 400 million ($304.7m), Kallanish gleans from a company release.
The credit facility is under Champion subsidiary Québec Iron Ore Inc, which handles the company’s Bloom Lake mining complex.
As a result of the expanded credit line, Champion plans to push ahead with its Phase II expansion of the Bloom Lake complex, ultimately d…
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Anonymous
Very good overview of the weekly steel market.
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