Alderon Iron Ore Corp.
Alderon is a leading iron ore development company with offices in Montreal, Toronto, Vancouver, St. John's and Labrador City. The Kami project, located in the Labrador Trough, currently hosts a Measured and Indicated resource estimate of 1.1 billion tonnes at 29.8% iron and an additional 277.4 million tonnes Inferred at 29.5% iron. Based on the Rose Central Preliminary Economic Assessment, Alderon plans to commence commercial production in 2015 at a rate of 8mtpa at a grade of 65.5% iron. A Feasibility Study has commenced and is expected to be complete by Q4 2012. Hebei Iron & Steel Group, China’s largest steel producer, has committed to invest over $400 million to fund Kami’s development by way of equity and project financing.