Champion Iron hit by derailment on the QNSL line

Executive Summary

• Champion Iron Ltd. reported a third-party train derailment on the Quebec North Shore and Labrador Railway (QNSL) on the evening of December 28, 2025, which disrupts the transport of high-purity iron ore concentrate from the Bloom Lake mine to the port of Sept-Iles.
• The railway operator confirmed no injuries and estimates that services will resume within seven to ten days.
• Champion expects no material impact on Bloom Lake operations or sales, assuming services restart as planned, while collaborating with QNSL to mitigate any potential disruptions.

Key Details

• Incident Date: Evening of December 28, 2025 (Montreal time).
• Location: Quebec North Shore and Labrador Railway (QNSL), used to transport iron ore from Bloom Lake mine to Sept-Iles.
• Safety Status: No injuries reported.
• Restoration Timeline: Railway services expected to resume within 7 to 10 days following the derailment.
• Operational Impact: Disruptions are not expected to result in material impacts on operations at Bloom Lake or sales of high-purity iron ore concentrate, assuming services restart as planned.
• Mitigation Efforts: Champion is collaborating with QNSL and local partners to mitigate the impact on operations and sales.

Notable Quotes

• "According to the railway operator, there were no related injuries and services should resume within seven to 10 days following the derailment."
• "Assuming railway services restart as planned, the disruptions are not expected to result in material impacts on operations at Bloom Lake and sales of high-purity iron ore concentrate."