Champion Iron and Caterpillar team up at Bloom Lake Mine
Champion Iron Limited (ASX: CIA) has signed a Letter of Intent with Caterpillar Inc. (NYSE: CAT) to implement artificial intelligence based Advanced Drilling Technologies on Cat equipment at its Bloom Lake Mine, located in Quebec, Canada. Champion Iron, through its subsidiary Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 km north of Fermont, Quebec. Bloom Lake is an open-pit truck and shovel operation with a concentrator, and it ships iron ore concentrate from the site by rail, initially on the Bloom Lake Railway, to a ship loading port in Sept-Iles, Quebec. The project will progressively implement a remote-controlled, semi-autonomous and fully autonomous Cat electric drilling…