Direct reduction pellet feed project, Canada – update
Name of the Project
Direct reduction pellet feed (DRPF) project.
Location
Near the town of Fermont, in north-east Quebec, Canada.
Project Owner/s
Mining development company Champion Iron.
Project Description
The project will upgrade the Bloom Lake Phase II plant to produce an estimated 7.5-million tonnes a year of DRPF-quality iron-ore at 69% iron, with combined silica and alumina content below 1.2%.
The project has an estimated 20-year life.
Potential Job Creation
The construction phase of the project is expected to create about 150 jobs over two years and an additional 70 permanent jobs once
completed.
Net Present Value/Internal Rate of Return
The pretax net present value, at an 8% discount rate, is estimated at C$1.23-billion, with an internal rate of return of 30.1%.
Capital Expenditure
$470.7-million.
Planned Start/End Date
The project is expected to be completed in the second half of 2025, which is subject to completing key construction milestones in mid-2024.
Latest Developments
Champion is continuing to advance its DRPF project, which remains on track for commissioning by the end of this year.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Champion Iron, tel +1514316 4858 or email info@championironmines.com.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
