The Bloom Lake operations were first commissioned in 2018, starting with the Phase I project that had a nameplate capacity of 7.4 million tonnes of 66.2% iron concentrate per year over a mine life of 21 years. The Phase II expansion doubled the nameplate capacity to 15 million tonnes per annum.
According to a feasibility study released in 2019, the Phase II project required the completion of the concentrator, which was partially built by the mine’s former owner, and an optimized mine plan to supply ore to the expanded facilities while maintaining a mine life of 20 years. The study estimated pre-production capital expenditures of C$633.8 million ($497.4m) As of March 31, a total of C$625.2 million ($490.7m) had been invested in the project.
Commissioning of the Phase II project was recently achieved ahead of schedule, and the company is now working to gradually increase the mine and plant’s capacity towards commercial…
