Champion Iron set to acquire Kami iron ore project

摘要

On Nov. 16 Champion Iron announced that the Supreme Court of Newfoundland and Labrador approved the company's proposed acquisition of the Kamistiatusset iron ore project, known as the Kami project, from Alderon Iron Ore. Champion Iron will pay $15 million in cash for the project located near the Quebec border in southwestern Labrador and a few kilometres away from the company's operating Bloom Lake mine.