Bloom Lake direct reduction pellet feed project, Canada – update

9th February 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

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 $738.2-million and an internal rate of return of 24%.

Capital Expenditure
$470.7-million.

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

Latest Developments
Champion Iron announced a final investment decision for the project in January 2024, consequently securing the project’s expected commissioning in the second half of 2025.

Key Contracts, Suppliers and Consultants
None stated.

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

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION