{"id":1118469,"date":"2019-05-29T19:46:44","date_gmt":"2019-05-29T19:46:44","guid":{"rendered":"http:\/\/www.mining.com\/?p=989986"},"modified":"2019-05-29T19:46:44","modified_gmt":"2019-05-29T19:46:44","slug":"champion-iron-secures-c185m-refinancing-acquires-100-stake-in-bloom-lake","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1118469","title":{"rendered":"Champion Iron secures C$185m refinancing, acquires 100% stake in Bloom Lake"},"content":{"rendered":"

Champion Iron Ltd. (TSX: CIA) (ASX: CIA) today announced<\/a> that it has concluded an agreement with la Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ) for a preferred share offering of C$185 million plus a commitment for a fully underwritten $200 million credit facility with Scotiabank and Societe Generale.<\/p>\n

The company has also acquired the remaining 36.8% interest in the Bloom Lake iron ore project for C$211 million. Bloom Lake is located approximately 13 km north of Fermont, Qu\u00e9bec, and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada.<\/p>\n

Based on the latest technical report, mineral reserves at Bloom Lake are estimated at 411.7 million tonnes, with an average iron content of 30%. The average annual production of concentrate is 7.4 million tonnes, over a 21-year expected mine life span.<\/p>\n

Shares of Champion Iron rose by nearly 6% on Wednesday morning, bringing the company’s market capitalization to just over C$1.2 billion.<\/p>\n

 <\/p>\n

The post Champion Iron secures C$185m refinancing, acquires 100% stake in Bloom Lake<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of the company rose by nearly 6% on Wednesday morning.<\/p>\n

The post Champion Iron secures C$185m refinancing, acquires 100% stake in Bloom Lake<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2767,1253,404,369],"tags":[25,92],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1118469"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1118469"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1118469\/revisions"}],"predecessor-version":[{"id":1118470,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1118469\/revisions\/1118470"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1118469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1118469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1118469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}