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Alderon Registers Kami Project: Planned Production of 16-million Tonnes per Year
Oct. 25, 2011 02:17PM PST
Base Metals Investing Alderon Iron Ore Corp. (TSX:ADV,OTCQX:ALDFF) announced it has started the environmental assessment processes for the Kami iron ore project.
Alderon Iron Ore Corp. (TSX:ADV,OTCQX:ALDFF) announced it has started the environmental assessment processes for the Kami iron ore project.
Alderon’s President and CEO, Tayfun Eldem said,
The filing and acceptance of the Registration Documents mark a significant step forward in advancing our Kami project towards receiving the necessary approvals to allow construction to commence on schedule in late 2013. We included the planned expansion to 16 million tonnes in the Registration Documents based on our confidence in the size and quality of Alderon’s resource combined with a robust iron ore market that will allow Alderon to build a long life mining operation and use the cash flow from its initial phase to fund a rapid expansion.
Click here to read the Alderon Iron Ore Corp. (TSX:ADV) press release.
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