Our Iron

We’re proud
of our iron

A 100% Quebec natural resource of world-renowned purity, with over 66% premium iron, low in aluminum, phosphorus and silica.

Bloom Lake’s iron ore in numbers*:

  1. 1

    The project’s mineral reserves are estimated at 411.7 million tonnes, with an average content of 30.0% Fe.

  2. 2

    The average annual production of concentrate is 7.4 million tons, over a 21-year anticipated mine life span.

  3. 3

    The 66.2% Fe concentrate is obtained with an average iron recovery estimated at 83.3%, at an average 30% iron content.

  4. 4

    The average production cost is $44.62 per dry metric ton.

  5. 5

    The net present value (NPV) pre-tax amounts to C$1,674.8 million and to C$983.5 million after-tax.

  6. 6

    The pre-tax internal rate of return (IRR) is estimated at 43.9% and the after-tax IRR at 33.3%.

  7. 7

    Total revenues amount to $15.1 billion over the life of the mine.

*According to a feasibility study published in March 2017.