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 property is surrounded by three producing mines and is in close proximity to Quebec NorthShore & Labrador (QNS&L) - a common carrier railway, as well as a deep-sea port providing year-round access to the global market.
Kami will produce a premium-quality iron-ore product, ideal for blending and China's clean air requirements.
Alderon is effectively re-booting its 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.