Founded in 2015 through the mining development company Champion Iron, Quebec Iron Ore is a 100% Quebec-based entity managed by experts from Quebec. The company was mandated to direct the relaunch of the Bloom Lake Mine, a Champion Iron flagship project in Fermont, in northern Quebec.
Survey and develop all avenues to optimize production of superior quality iron concentrate, while minimizing our environmental footprint.
Develop a collective sense of belonging in all spheres of iron ore mining.
Leverage employee creativity and expertise to achieve and maintain efficient practices aimed at operational excellence.
Respect for people, resources, the environment, safety standards, partnerships and equipment.
Promote transparent communications through active listening and open dialogue.
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On January 27, 2016, we announced that Champion Iron Limited received approval from the Superior Court for the offer to purchase the mining and rail assets of the Bloom Lake Mine. This was great news for the company, our employees and our shareholders. We are very proud to say that this represents a fundamental step in the future of Champion and an important step towards the development of Quebec’s Plan Nord.
This investment is made in a turbulent period in the commodity sector, particularly in the iron ore market. As a result, we will benefit from this environment to make essential mining updates and improvements to increase the percentage of concentrator recovery to prepare the mine for a successful restart.
The acquisition of the Bloom Lake Mine would not have been possible without the Government of Quebec and its investment directly into both Champion Iron and Quebec Iron Ore, in addition to their direct purchase of the Pointe-Noire Port facility. The vision of the Government to re-establish the North Shore as an important hub for the proposed Plan Nord is critical to the development of the region.
On behalf of the Board of Directors and the management, I look forward to seeing our employees grow and become an exceptional team with a high level of care, concern and compassion. Together we will achieve a level of high success.