Champion Iron completed the acquisition of the Kami project from Deloitte Restructuring for $19m.

Champion Iron, a mining company, completed the acquisition of the Kami project, an iron ore, from Deloitte Restructuring, the restructuring branch of Deloitte, for $19m. "This acquisition adds a large scale and highly prospective project to our portfolio. In addition, by securing additional port capacity, this further de-risks our Bloom Lake Phase II expansion project, which is currently under construction. In keeping with our track record of diligently evaluating and transforming opportunities into valuable assets, we look forward to revising the Kami Project's scope and updating its previously completed feasibility study, along with its potential to positively impact local communities and the regional economy, which is and has always been a key goal for our company," David Cataford, Champion CEO.