Champion Iron Ltd. (AU:CIA) has released an update.
Champion Iron Ltd. has reported a record production surpassing its 15 Mtpa capacity, while facing challenges with rail operator haulage, leading to increased iron ore concentrate stockpiles. The company has committed to a Direct Reduced Pellet Feed project to produce greener steel and is exploring strategic partnerships for a new 9.0M wmt per year operation. These steps align with global efforts to reduce carbon emissions in steelmaking, amidst the implementation of the EU’s Carbon Border Adjustment Mechanism.
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