Champion Iron: A Sustainable Solution to Decarbonize Steel
Champion Iron reports that the completion of the $1.6 billion US Phase II expansion of their Bloom Lake iron ore mine will double production to 15 million tons annually, allowing the company to meet the increasing demand for high-grade iron ore needed to decarbonize the steel industry.
Investing in Steel: The Benefits of Champion Iron's High-Purity Iron Ore
Champion Iron reports that the completion of the $1.6 billion US Phase II expansion of their Bloom Lake iron ore mine will double production to 15 million tons annually, allowing the company to meet the increasing demand for high-grade iron ore needed to decarbonize the steel industry. With governments around the world committed to reducing emissions from steel-making, demand is expected to double from 30 to 60 million tons per year in the next 18 months. Champion Iron plans to expand the volume of iron ore at its disposal and increase the quality of the product they produce. The company is debt-free, and recently started paying shareholders a dividend.
For more information on Champion Iron (TSX/ASX: CIA, OTCQX: CIAFF) please click the request investor info button.
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