22 April 2014

Alderon Iron Ore

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Alderon Iron Ore Corp.  (formerly Alderon Resource Corp.) is a Vancouver...

Alderon Iron Ore Corp.  (formerly Alderon Resource Corp.) is a Vancouver, nbsp;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 have 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.(edit by kwokcc)

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