Alderon Iron Ore Announces Economic Impact Assessment

Alderon Iron Ore Corp. (TSX:ADV,NYSE:AXX) announced an independent Economic Impact Assessment of the Kamistiatusset iron ore project indicates significant long-term economic benefits to Canada.

As quoted in the press release:

The Kami Project is strategically located next to the mining towns of Wabush, Labrador City and Fermont. The Project will require approximately two years of construction, and once operational, the Project is expected to produce 8 million tonnes of concentrate per annum for 16 years. The EIA was commissioned and paid for by Alderon and is based on the data from Alderon’s Preliminary Economic Assessment( PEA), the results of which were released late last year (see below for a summary of the results of the PEA). The data used in the EIA was taken from and is fully supported by results of the PEA, highlighting the economically robust nature of the Kami Project.

Click here to read the Alderon Iron Ore Corp. (TSX:ADV) press release.