The inclusion of high-purity iron ore is a significant step, recognizing its vital role in transitioning to more sustainable industrial practices and reducing global carbon emissions.
The designation of high-purity iron ore as a critical mineral in Canada brings numerous advantages. It boosts both government and private investment in mining and processing technologies, spurs research and innovation for more efficient extraction and processing and ensures the sustainability of this valuable resource.
Situated in the Labrador Trough in Canada, which houses one of the world’s largest reserves of high-purity iron ore, Champion Iron Limited has strongly endorsed the recent inclusion of high-purity iron ore on Canada's Critical Minerals List. Champion Iron operates the Bloom Lake Mining Complex, known for its production of high-grade iron ore concentrates powered largely by renewable energy.
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