10/02/2026
| Bringing a mine, and an entire region, back to life
In November 2014, the shutdown of the Lac Bloom mine by Cliffs Natural Resources hit the Fermont region hard. With 650 jobs lost, an entire economic engine came to a halt. As iron ore prices reached historic lows, few believed a relaunch was possible.
When Champion Iron acquired the mine assets in 2016, the news was met with skepticism and mistrust. The surrounding community remained shaken by recent events and questioned whether an Australian company had the capacity to bring the project back to life. Beyond the technical and financial challenges, the task was to convince the community, mobilize governments, and create the conditions needed to restart the mine.
NATIONAL supported Champion Iron with an integrated strategy spanning government relations, stakeholder relations, and strategic communications. At the time, Champion Iron, which would go on to create Minerai de fer Québec, had only three employees. The company relied on NATIONAL’s expertise to support its outreach to decision-makers and navigate the many political and regulatory issues tied to restarting the mine.
The NATIONAL team worked to create the conditions needed for the project to move forward: securing government support, securing financing, coordinating communications, building social acceptance, and supporting the approval process. These efforts helped secure an investment from Ressources Québec, which became a project partner. An impact and benefits agreement signed with the Innu community also proved instrumental, paving the way for lasting collaboration with First Nations.
Trust and respect proved decisive. The executive who went on to become president and CEO invested personally in the relationship with the Innu community, relying on communication, openness, and a determination to deliver on the promise of a restart.
In 2018, the mine officially resumed operations. With it, an entire community began moving again. On Day One, 400 jobs were created. Today, nearly 1,200 people work at the Lac Bloom site.
Three years after the restart, the Government of Quebec had realized a 366% gain on its initial investment. Today, the value of its stake in the parent company has increased by 2,600%.
For the NATIONAL team, this mandate demonstrated that bringing an industrial project back to life requires more than an investment or a business plan. It also requires shared values that help create favourable conditions around a promising project.
When a community regains confidence in its future, a project can become much more than an economic success: it can give an entire region new momentum.
Thank you to Alexandre Boucher for sharing this story.