Following the acquisition of its flagship asset, the Bloom Lake iron ore property, the Company implemented upgrades to the mine and processing infrastructure and has partnered in … Eight-week suspension of its Constancia copper mine in Peru due to covid-19 measures weighed on the company's results. Quebec Iron Ore also has 29 residences, two hotels that can house up to 700 fly-in/fly-out workers, and a high-end entertainment centre with a cafeteria that can serve 600 people. On April 11, 2016, Champion Iron officially became the new owner of the Bloom Lake Mine facilities, acquired from Cliffs Natural Resources for $10.5 million.The Bloom Lake Mine facilities include a railway that ensures transport of the high-quality iron concentrate to a loading port in Sept-Îles, Québec.Quebec Iron Ore also has 29 residences, two hotels that can house up to 700 fly-in/fly-out workers, and a high-end entertainment centre with a cafeteria that can serve 600 people.Significant investments and structural changes were completed prior to the successful recommissioning of the project in February 2018 including: a new 3.5-kilometre conveyor connecting the mine and plant, an upgrade to the concentrator plan, and access to a new multi-user berth at Pointe-Noire. In addition to owning 735 specialized railcars for the transportation of iron ore, the QIO logistics strategy ensures long-term access to some of the world’s largest consumers of iron ore for Bloom Lake’s high-quality product, with transportation agreements already in place with the Quebec North Shore and Labrador Railway Company, Inc. (“QNS&L”) and the Société ferroviaire et portuaire de Pointe-Noire (“SFPPN”).Since acquiring Bloom Lake in April 2016, and successfully delivering a Feasibility Study in March 2017, QIO secured the necessary funding by October 2017, with the participation of its Government of Quebec partners. Champion Iron is an iron ore mining company with a 63.2% interest in its subsidiary, Quebec Iron Ore Inc. (QIO) operating the Bloom Lake mine, a long-life, large-scale open pit operation located in northern Quebec. The Cleveland-based miner’s move aims to fully exit higher-cost operations to focus only on its iron ore business in the U.S. MONTREAL, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Quebec Iron Ore Inc. (“QIO”), a Champion Iron Limited (ASX:CIA) (TSX:CIA) (“Champion” or the “Company”) subsidiary, is pleased to announce that the first train being loaded with16,500 metric tonnes of high-grade 66% Fe iron concentrate from QIO’s Bloom Lake Iron Ore Mine (“Bloom Lake”) will leave the mine site today, which is located near Fermont, Quebec.The first train (see picture below) represents a tangible step towards realizing Bloom Lake’s potential to become a major supplier of high quality iron ore to global markets.The decision to restart production at Bloom Lake was announced on November 15, 2017, and operations recommenced at the plant on February 16, ahead of schedule and within budget. The Phase II expansion project’s measured and indicated mineral resources are estimated at 893.5 million tonnes, with an average iron content of 29.3% Fe. This report will impact all industries helping:Hover over the logos to learn more about the companies who made this project possible.Follow the company to be always up to date with this company Ecomister Evaporator specialises in the design and production of portable... Ecomister Evaporator specialises in the design and production of portable enhanced Ecomister evaporators and turnkey solutions for applications involving tailings ponds and heap leach pads in the mining sector.Follow the company to be always up to date with this companyEcomister Evaporator specialises in the design and production of portable enhanced Ecomister evaporators and turnkey solutions for applications involving tailings ponds and heap leach pads in the mining sector.
The Bloom Lake iron ore mine located in Normanville Township, Kaniapiskau County, Quebec, Canada, is being expanded (referred to as second phase) to increase the mine production by installing a second concentrator plant. 3. For the restart, a major operational focus involved optimizing the separation circuit to materially improve the ore recovery rate, and the concentrate transported today demonstrates that QIO has been successful in achieving this important objective.With a CAPEX of CAD326.8 million, including CAD157.2 million spent on upgrades ahead of the mine restart, Bloom Lake is a large-scale project which is set to bring about a new era of prosperity to Quebec’s North Shore region. The mine is expected to produce an average of 7.4 million tonnes per annum (Mtpa) of iron ore concentrate over its 21-year mine life.The first shipment of ore was completed in April of 2018 on the MV Magnus Oldendorff bulk carrier vessel from the Pointe-Noire terminal at the Port of Sept-Îles. The debt component included a C$20m ($15.06m) loan from Sojitz and a C$6m ($4.5m) loan from Ressources Québec, an equity shareholder of QIO.The C$14m ($10.5m) equity investment includes a proportionate contribution from two shareholders, namely Champion Iron and the Government of Québec. Description. Waste rock will be disposed of in two distinct waste dumps.The mine plan includes the use of existing crushing and storage facilities of the phase two operation, and the mill and the rail load-out facilities from the phase one operation to produce 7.4Mtpa of concentrate from the ore mined from the main pit. Active production at the Canadian Bloom Lake iron ore mine has completely ceased, and the sale of the firm's its struggling coal division has been completed.
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