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Bloom Lake direct reduction pellet feed project, Canada

31st March 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Bloom Lake direct reduction pellet feed (DRPF) project.

Location
Near the town of Fermont, in north-east Quebec, Canada.

Project Owner/s
Canadian iron-ore producer Champion Iron.

Project Description
A feasibility study has evaluated the further upgrading of Bloom Lake’s iron-ore concentrate to a DRPF-quality iron-ore product, resulting in an average life-of-mine production of about 7.5-million tonnes a year of DRPF-quality iron-ore at 69% iron, with combined silica and alumina content below 1.2%.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value of of $738.2-million and an internal rate of 24%.

Capital Expenditure
$470.7-million.

Planned Start/End Date
Project construction is expected to take 30 months.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Champion Iron, tel +1514316 4858 or email info@championironmines.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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