Champion Iron Ore agrees to pay port certain fees in advance for Bloom Lake
4 monthes ago - By National Post
MONTREAL - Champion Iron Ltd. has conditionally agreed to pay an unspecified sum to the Port of Sept-Iles in eastern Quebec to settle their dispute surrounding a 2012 deal.
The company, which is the parent of Champion Iron Mines Ltd. and Quebec Iron Ore Inc., plans to use the port for shipping iron ore from the Bloom Lake Mine near Fermont, Que.
It says the settlement is conditional on closing a previously announced US$180-million financing deal with the Caisse de depot pension fund manager and Sprott Resource Lending.
The mining company says the payments under the settlement will be...
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