Champion Iron wins "Rising Star Company Award" at the 2019 S&P Global Platts Global Metals Awards
Champion Iron wins "Rising Star Company
Award" at the 2019 S&P Global Platts Global
Metals Awards
MONTREAL
,
May 23, 2019
/CNW/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) ("Champion" or
the "Company") is pleased to announce that it was awarded and named the "Rising Star Company"
at the 2019 S&P Global Platts Global Metals Awards, held in
London, England
on
May 16, 2019
.
The annual event honours exemplary performance in fourteen categories spanning the entire steel,
metals and mining complex.
Michael O'Keeffe, Champion's Founder and Executive Chairman of the Board, receiving the Rising
Star Company award. (CNW Group/Champion Iron Limited)
Champion was recognized following the recommissioning in
February 2018
of the Company's
flagship asset, the Bloom Lake Iron Mine ("Bloom Lake") located near
Fermont, Quebec
, which
reached commercial production less than 5 months following the restart of its operations. Now
positioned as one of the largest publicly listed independent players in the high-grade iron ore market,
Champion's revenues exceeded
C$655M
in its first year of production. Champion is also proceeding
with its ongoing feasibility study (the "Study") in connection with a proposed expansion that would
double Bloom Lake's nameplate capacity from 7.4Mtpa to 15Mtpa of 66.2% high-grade iron ore
concentrate and anticipates releasing the results of the Study in the summer of 2019.
Champion was also a finalist in four additional categories, including "Breakthrough Solution of the
Year," "CEO of the year," "Lifetime Achievement Award" and the "Industry Leadership Award." The
Global Metals Awards are judged by an independent panel of international experts whose
background and experience include regulation, corporate leadership, trading and technology.
Commenting on the award, Champion's founder and Executive Chairman,
Michael O'Keeffe
, said: "It
is an honour to bring home such a prestigious award and see our achievements recognised by
industry peers. This accolade reflects the combined efforts of Champion's excellent team and will
help our young company improve its visibility in the industry."
"Each of this year's winners and finalists deserves praise for their contributions to helping the metals
industry become more efficient and innovative," said
Martin Fraenkel
, President of S&P Global
Platts.
About Champion Iron Limited
Champion is a producing iron development and exploration company, focused on developing its
significant iron resources in the south end of the Labrador Trough in the province of
Quebec
.
Following the acquisition of its flagship asset, the Bloom Lake iron ore property, the Company
implemented upgrades to the mine and processing infrastructure and has partnered in projects
associated with improving access to global iron markets, including rail and port infrastructure
initiatives with government and other key industry and community stakeholders. Champion's
management team includes professionals with mine development and operations expertise, who also
have vast experience from geotechnical work to green field development, brown field management
including logistics development and financing of all stages in the mining industry.
About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business
decisions with confidence. We're the leading independent provider of information and benchmark
prices for the commodities and energy markets. Customers in over 150 countries look to our
expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets.
S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and
shipping.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence
for individuals, companies and governments to make decisions with confidence. For more
information, visit
www.platts.com
.
For additional information on Champion Iron Limited, please visit our website at:
www.championiron.com
Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information"
under applicable Canadian securities legislation. All statements, other than statements of historical
facts, included in this news release that address future events, developments or performance that
Champion expects to occur including management's expectations regarding (i) the potential
expansion of the operations at Champion's flagship asset the Bloom Lake mine; (ii) the estimated
future operation capacity of the Bloom Lake mine; and (iii) the timing of release of feasibility study.
Forward-looking statements are statements that are not historical facts and are generally, but not
always, identified by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates",
"aims", "targets", or "believes", or variations of, or the negatives of, such words and phrases or
state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be
taken, occur or be achieved including, without limitation, the results of the feasibility study with
regards to the potential expansion of the Bloom Lake mine. Although Champion believes the
expectations expected in such forward-looking statements are based on reasonable assumptions,
such forward-looking statements involve known and unknown risks, uncertainties and other factors,
most of which are beyond the control of the Company, which may cause the Company's actual
results, performance or achievements to differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause the actual results to differ materially from
those in forward-looking statements include, without limitation: the results of the feasibility study;
project delays; continued availability of capital and financing and general economic, market or
business conditions; general economic, competitive, political and social uncertainties; future prices of
Iron Ore; failure of plant, equipment or processes to operate as anticipated; delays in obtaining
governmental approvals, necessary permitting or in the completion of development or construction
activities, as well as those factors discussed in the section entitled "
Risk Factors
" of the Company's
2018 Annual Information Form and the risks and uncertainties discussed in the Company's MD&A for
the year ended
March 31, 2018
, both available on SEDAR at
www.sedar.com
. There can be no
assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward- looking information. Accordingly, readers
should not place undue reliance on forward-looking information. All of Champion's forward-looking
information contained in this press release is given as of the date hereof and is based upon the
opinions and estimates of Champion's management and information available to management as at
the date hereof. Champion disclaims any intention or obligation to update or revise any of its
forward-looking information, whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE
Champion Iron Limited
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%SEDAR: 00035733E
For further information:
Michael Marcotte, Vice-President, Investor Relations, 514-316-4858, Ext.
128, [email protected]
CO: Champion Iron Limited
CNW 16:05e 23-MAY-19