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In the fourth quarter of 2018, Champion Iron's fine iron powder production was 1.79 million tons, a decrease of 4% from the previous quarter

In the fourth quarter of 2018, Champion Iron's fine iron powder production was 1.79 million tons, a decrease of 4% from the previous quarter
Issue Time:2019-02-18

Champion Iron released its fourth quarter 2018 operationalreport, which shows:

Since the Bloom Lake iron ore project resumed production inFebruary, in the fourth quarter of 2018, Champion Iron iron fines productionwas 1.79 million tons (wet tons), a decrease of 70,000 tons (4%) from the thirdquarter, fine iron grade It is 66%. The period includes an eight-daysemi-annual planned shutdown and a 12-day gravel warehouse overhaul. In 2018,the annual fine powder output was 5.816 million tons (wet tons).


 In the fourth quarter of 2018, the company sold 1.71 milliontons of dry fines (dry tons), down 220,000 tons (11%) from the third quarter.

 In the fourth quarter of 2018, Champion Iron's net incomereached 148 million Canadian dollars (about 755 million yuan), and cash flowwas 185 million Canadian dollars (about 944 million yuan).

 In the fourth quarter, in order to double the annualproduction of the Bloom Lake project, Champion Iron conducted a second phasefeasibility study of the expansion project.

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