Alderon Iron Ore Makes Progress With Kami Project Transmission Line

Alderon Iron Ore Corp. (TSXV:ADV) gave an update on the construction of a new transmission line that will power its Kami iron ore project as well as other users in the area. Newfoundland and Labrador Hydro have cleared 20 kilometers to prepare for the installation of a third transmission line from Churchill Falls to Labrador West.

As quoted in the press release:

The New Transmission Line will supply power to the Kami Iron Ore Project (“Kami Project”) as well as other end users in the Labrador West area. The construction timetables for the New Transmission Line and the Kami Project have been aligned and as such the remaining portion of the Transmission Line project will be executed upon completion of Alderon’s financing plan.

Alderon president and CEO, Tayfun Eldem, said:

Work on the New Transmission Line is ready to resume as soon as our financing plan is complete. The New Transmission Line is a key piece of our infrastructure requirement and an enormous enabler for natural resource development in western Labrador and we are pleased that Hydro is ready to proceed as soon as we are.

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