Asset Report
Kami iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Kami is a greenfield iron ore project, located near Wabush and Labrador City. The expectation is for this mine to produce approximately 9 million tonnes per year of direct reduction iron ore concentrate with over 67.6% Fe and low impurities. The project was acquired by Champion Iron in 2021 and gained significant momentum with the release of a pre-feasibility study in March 2024. In December 2024, a strategic partnership was announced, wherein Nippon Steel and Sojitz acquired a 49% stake. Kami is currently planned as a mix of a conventional open-pit mine for the ore and an in-pit crushing system for the waste. Set to be run as a conventional truck-and-shovel mining operation where the extracted raw ore will be processed at a beneficiation facility
Table of contents
- Summary
- Key issues
Tables and charts
This report includes the following images and tables:
- Detail map
- Participation
- Marketable reserves (as at 01/01/2025)
- Production
- Production
- Operational summary
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
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