Alderon Iron Ore Corp.

Alderon Iron Ore Corp
Public
Traded as TSX: ADV
NYSE MKT: AXX
Industry Mining, Iron Production
Headquarters Canada, Vancouver, British Columbia
Key people
 Tayfun Eldem, (President & CEO)
Mark Morabito, (Executive Chairman)
Danny Williams, (Advisor)
Products Iron ore, Iron concentrate
Website www.alderonironore.com

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

See also

References

  1. ↑ Kozar, Robin B. (25 April 2011). "Alderon Resource Corp. Location & Experience Point to Iron Ore Development Success on the Labrador Trough". RBC Capital Markets - Equity Research: 16–17.
  2. ↑ Alderon to partner with China steel maker Hebei - The Globe and Mail
  3. ↑ Alderon: Pillars of Production | Financial Post
  4. ↑ HBIS Gains 25% Interest in Canada Kami Iron Ore Project

External links


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