Alderon is committed to conducting operations in an environmentally and socially responsible manner and has adopted an Environmental Policy and Sustainability Policy to express its commitment to the environment and the local communities in which it works.
Since the acquisition of the Kami Property, Alderon has been engaging with various stakeholders, including regulatory agencies, Aboriginal groups, municipalities, and the public. Alderon has been providing Project information and Project updates to stakeholders on a regular basis. Alderon will continue to engage with stakeholders throughout the environmental assessment process and during the life of the Project.
Alderon is committed to develop the Kami Project within a sustainable development framework. As described in its corporate environmental policy:
- Alderon engages in the exploration discovery, development, production and distribution of iron ore and its associated products.
- Alderon believes that our opportunities to contribute to and thrive in the economies in which we operate must be earned through a demonstrated commitment to sustainable development.
- Accordingly, Alderon's actions must demonstrate a responsible approach to social, economic and environmental performance that is aligned with the evolving priorities of our communities of interest. Our actions must reflect a broad spectrum of values that we share with our employees and communities of interest and they must underscore our ongoing efforts to protect our employees, communities, customers and the natural environment.
November 2017 - Alderon released an update to the Economic Impact Assessment (EIA) for the Kami Project. The updated EIA oulines significant economic benefits and positive implications for the economies of Newfoundland and Labrador, Quebec, and Canada as a whole, including:
- 100,600 person years of direct, indirect, and induced employment across Canada
- $7.6 billion in direct, indirect, and induced incomes to workers and businesses across Canad
- Over 32,000 person years for Newfoundland and Labrador and over 42,400 person years for Quebec of direct, indirect and induced employment during construction and operations
- $2.2 billion for Newfoundland and Labrador and $3.3 billion for Quebec in direct, indirect, and induced incomes to workers and local businesses
November 2014 - Alderon received the 2014 Developer of the Year Award from the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Newfoundland Branch. The Award is in recognition for significant progress in advancing a mine toward production; or for a significant contribution to health and safety, environmental stewardship or commitment to community; or for innovation in the Newfoundland and Labrador mining industry.
May 2014 - Alderon signed a Benefits Agreement with the Province of Newfoundland and Labrador with respect to the development of the Kami Project.
May 2014 - Alderon received Ministerial approval for a General Environmental Protection Plan, a Valued Ecosystem Component Environmental Protection Plan and an Environmental Effects Monitoring Plan.
March 2014 - Alderon signed a Grant-in-lieu of Municipal Taxes Agreement with the Town of Wabush, with respect to the development of the Kami Project. The Agreement is the result of a continuous positive working relationship with the local communities and will aid Wabush to continue providing the services that residents, businesses and future Kami Project employees rely on.
February 2014 - The Federal Minister of Environment posted the Notice of the Environmental Assessment Decision Statement. As a result of this determination, the Kami Project could continue to develop the Kami Project move ahead with plans to commence construction.
January 2014 - Alderon signed an Agreement with the Town of Labrador City with respect to the development of the Kami Project. The Agreement provided Labrador City with additional revenue to help deal with the demands of anticipated growth in the region and strain on aging infrastructure.
January 2014 - Alderon and the Innu Nation of Labrador signed an Impacts and Benefits Agreement (IBA) with respect to the development of the Kami Project. The IBA is a life-of-mine agreement that establishes the sharing of benefits that will ensure a continued positive relationship between the parties.
January 2014 - Alderon was released from both the Federal and Provincial Environmental Assessment (EA) Processes for the Kami Project. The Cabinet of Newfoundland and Labrador determined that the Kami Project had met the requirements of the Environmental Protection Act and was released from the Provincial EA Process.
June 2013 - Alderon concluded a Community Participation Agreement with the NunatuKavut Community Council with respect to the development of the Kami Project and related rail infrastructure.
March 2013 - Alderon signed a Memorandum of Understanding (MOU) with each of the Towns of Labrador City and Wabush as work progresses toward receiving project related approvals for the Kami Project. Recognizing the tremendous potential benefits for the region and acknowledging the importance of working collaboratively towards achieving those benefits, Alderon and both towns agree in the MOUs to formalize their working relationship and to facilitate community consultation and input.
November 2012 - Alderon proudly partnered with the Innu Nation to supply a medical support vehicle for the Sheshatshiu Innu First Nation community.
December 2012 - Alderon donated $5,000 to the Smiling Land Foundation's Rockin' Big Give event this year. The Smiling Land Foundation consists of five Newfoundland and Labradorians who have come together to spread Canada’s East Coast culture and spirit through The Rockin’ Big Give fundraiser in support of a different Newfoundland and Labrador charity each year.
September 2012 - Alderon submitted its Environmental Impact Statement (EIS) to the Federal and Provincial Governments. The EIS document consists of more than 5000 pages of technical analysis and provides a full and thorough assessment of the predicted project effects on the biophysical and human environments.
Also completed in September 2012, the conclusion of the Economic Impact Assessment (EIA) estimated that the Kami Project will generate the following benefits for the people, communities and the Government of Newfoundland and Labrador and the Federal Government:
- CDN $10.0 billion in direct, indirect and induced incomes to workers and local businesses.
- CDN $7.2 billion in total Newfoundland and Labrador Provincial and Federal tax revenues.
- CDN $25.4 billion contribution to the provincial GDP.
May 2012 - Alderon gave a contribution of $75,000 to the Aboriginal Interband Games which will were held in the community of Uashat mak Mani-Utenam, Québec, from July 6-13, 2012.
October 2011 - Alderon initiated the Federal and Provincial Environmental Assessment processes for the Kami Project. Alderon submitted the required documentation to the Canadian Environmental Assessment Agency and the Department of Environment and Conservation of the Government of Newfoundland and Labrador. The registration documents provided an overview of the proposed project as well as a description of how it will affect the bio-physical and socio-economic environment.