Alderon Iron Ore is a development-stage company advancing the Kami Project located in the Labrador Trough, Canada’s premier iron ore mining district.
Proven management team with strong relationships and ties to the community and government, as well as a strategic partnership with HBIS Group, China’s second largest steel producer. The Kami Project, owned 75% by Alderon and 25% by HBIS through The Kami Mine Limited Partnership,
The Kami Project is surrounded by three producing iron ore mines and is in close proximity to Québec NorthShore & Labrador (QNS&L). The Kami product will be shipped through a newly commissioned multi-user, deep-water berth near the Port of Sept-Îles in Québec.
Kami will produce a premium-quality iron-ore product, ideal for blending and China's clean air requirements.
Alderon is developing the high-grade iron ore Kami Project to take advantage of improved iron-ore prices, reduced CAPEX requirements, and available infrastructure.
The Kami Project will positively impact Canada’s economics, including creating more than 100,000 jobs, generating C$7.6 billion in incomes to workers and businesses, and C$5.1 billion in federal and provincial government revenues.
NI 43-101 Mineral Resource Estimate of 1.2 billion tonnes Measured and Indicated at 29.8% iron and an additional 522.6 million tonnes Inferred at 29.5% iron.
In April 2018, Quebec Premier, Philippe Couillard and Newfoundland and Labrador Premier, Dwight Ball announced a new partnership to grow their respective economies by developing the Labrador Trough.
Alderon is part of the King & Bay Group, a Canadian company that specializes in identifying, funding, developing, and managing high-quality mineral resource properties and technology-based opportunities.