Company Performance Metrics
Alderon is a development company with an iron ore project located next to the mining towns of Wabush and Labrador City in Western Labrador, Canada. The property is also surrounded by three producing mines and is within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.
The Kami Project was released from both Federal and Provincial Environmental Assessment in H1 2014 and Alderon plans on commencing construction once project financing is in place.
Alderon has a strategic partnership with Hebei Iron & Steel Group, China’s largest steel producer. Hebei holds a 25% interest in the Kami Project and for the purposes of developing it into an operating mine, a limited partnership was formed: The Kami Mine Limited Partnership.
