Alderon Iron Ore: A Big Project Advancing Towards Production
- Alderon Iron Ore is a near term producing iron ore company, developing the advanced Kami project at high speed, located in the mining friendly Labrador Trough.
- The Feasibility Study released in 2013 presented solid figures, with an after tax 8% discounted NPV of $1858M, an IRR of 23.1% and a relatively limited capex.
- The company has already secured a very good off-take partner with the biggest steelmaker in China, Heibei Iron & Steel Group for 60% of production.
- It wasn't until very recently, on March 27, 2014, that Alderon was granted the amended General Plan and Mineral Extraction Permits. These are considered very important permitting milestones.