{"id":14338,"date":"2025-07-22T02:17:08","date_gmt":"2025-07-22T02:17:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/14338\/"},"modified":"2025-07-22T02:17:08","modified_gmt":"2025-07-22T02:17:08","slug":"australias-champion-iron-secures-179-1-million-from-nippon-steel-sojitz-for-canada-project","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/14338\/","title":{"rendered":"Australia&#8217;s Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Australia&#8217;s Champion Iron Ltd said on Tuesday Japan&#8217;s Nippon Steel and Sojitz Corp will invest an initial C$245 million ($179.11 million) in its Kami iron ore project in Canada for an aggregate 49% interest.<\/p>\n<p class=\"yf-1090901\">The investment follows an agreement that the three companies entered into in December 2024 for the project, which Champion Iron acquired in 2021.<\/p>\n<p class=\"yf-1090901\">Following the initial closing, Champion will hold a 51% interest in the project, while Nippon Steel and Sojitz will have 30% and 19% stakes, respectively.<\/p>\n<p class=\"yf-1090901\">Nippon Steel, Japan&#8217;s largest steelmaker, recently closed its $14.9 billion acquisition of U.S. Steel after an 18-month-long pursuit.<\/p>\n<p class=\"yf-1090901\">Champion expects the initial closing of the deal to occur in the second half of 2025.<\/p>\n<p class=\"yf-1090901\">Shares of Champion Iron rose as much as 4.6% to A$5.04 in early trade.<\/p>\n<p class=\"yf-1090901\">($1 = 1.3679 Canadian dollars)<\/p>\n<p class=\"yf-1090901\">(Reporting by Nichiket Sunil in Bengaluru; Editing by Subhranshu Sahu)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Australia&#8217;s Champion Iron Ltd said on Tuesday Japan&#8217;s Nippon Steel and Sojitz Corp will invest an initial&hellip;\n","protected":false},"author":2,"featured_media":14339,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,13003,13002,13001,2454,44,13000,13004],"class_list":["post-14338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-champion","tag-champion-iron","tag-champion-iron-ltd","tag-japan","tag-news","tag-nippon-steel","tag-sojitz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/14338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=14338"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/14338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/14339"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=14338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=14338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=14338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}