Australia's Champion Iron hits record shipments in Q1 FY26

Australian mining company Champion Iron Limited (Champion) has achieved a historic high in sales of iron ore concentrate during this year's April-June period, the first quarter of the miner's financial year 2026, at 3.8 million dry tonnes (dmt) according to its latest quarterly report. The total marks an increase of 10% from the previous quarter's sales and an 11% rise from the same period last year, the report showed

The shipped iron ore concs averaged 66.3% Fe grade, sourced entirely from the Bloom Lake mine in East Canada's Québec, which is owned and operated by Champion's wholly-owned Canadian subsidiary Quebec Iron Ore Inc., the report noted. The surge in the shipments was driven by the growth in global demand