BUZZ-Australia's Champion Iron snaps eight-day rally on interruption of sales

Reuters

2024-12-11

** Shares of iron ore explorer Champion Iron fall 2% to A$6.185, snapping eight-session winning streak ** Co reports temporary interruption of sales of its iron ore concentrate at its Canadian unit's Bloom Lake mine

** Impact caused by a breakage to a machinery required to load iron ore concentrate to rail cars on Dec. 3

** Says it is confident of completing repairs required to resume normal shipping activities in the coming days

** Stock down ~26.2% YTD, including session's moves

(Reporting by Nikita Maria Jino in Bengaluru) ((mailto:Nikita.Jino@thomsonreuters.com;))

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