The company says the project will take capacity to 15 million tonnes of iron ore per year.
It has approved spending about
Funding of the expansion is to come from an amended credit facility, about
Champion bought the
CEO
"Today's announcement is a major milestone for our company, our employees and the local communities", he said in a news release.
"With our high-grade iron ore in rising demand globally, a proven operational team and a conservative financial solution to fund the remaining construction of the Phase 2 project, our company is well-positioned to double
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Companies in this story: (TSX:CIA)
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