Canadian miner greenlights $470m project for low-carbon steel feedstock

Canadian iron-ore mining company Champion Iron on Tuesday announced a final investment decision (FID) for its direct reduction pellet feed (DRPF) project at the Bloom Lake iron-ore complex, in Quebec. The FID secures the $470.7-million project’s expected commission in the second half of 2025, CEO David Cataford reported. The carbon-neutral project positions the company and the region to contribute to the accelerating green steel transition, he said in a statement, noting the recent decisions by the governments of Quebec and Newfoundland and Labrador to include high-purity iron-ore on their critical mineral lists.