Alderon Iron Ore Corp.
 | |
| Company type | Public |
|---|---|
| TSX: ADV AMEX: AXX | |
| Industry | Mining, Iron Production |
| Headquarters | Canada, |
Key people | Tayfun Eldem, (President & CEO) Mark Morabito, (Executive Chairman) Danny Williams, (Advisor) |
| Products | Iron ore, Iron concentrate |
| Website | www.alderonironore.com |
Alderon Iron Ore Corp. (formerly Alderon Resource Corp.) is a Vancouver, British Columbia based company focused on the exploration, development and mining of an iron ore property in the southern Labrador Trough geological belt in southwestern Newfoundland & Labrador, near the Quebec border.[1] In 2010, Alderon Iron Ore acquired the rights to the Kamistiatusset ("Kami") property in the Labrador Trough. In 2013, Alderon concluded an agreement with China's leading steel manufacturer, Hebei Iron & Steel, whereby Hebei invested $182.2 million and will purchase 60% of the mine's annual production for a near 20% stake in Alderon and 25% interest of an iron ore property.[2][3][4] In January 2014 the Kami Project was released from Provincial Environmental Assessment.
See also
References
- ^ Kozar, Robin B. (25 April 2011). "Alderon Resource Corp. Location & Experience Point to Iron Ore Development Success on the Labrador Trough". RBC Capital Markets - Equity Research: 16–17.
- ^ Alderon to partner with China steel maker Hebei - The Globe and Mail
- ^ Alderon: Pillars of Production | Financial Post
- ^ HBIS Gains 25% Interest in Canada Kami Iron Ore Project
External links
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