An iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward.
Alderon Iron Ore Corp. (TSE:ADV) announced today it has begun filing material to start the federal and provincial environmental assessment process. The application would allow Alderon to double future annual production at its Kami Project in Quebec-Labrador to 16 million tonnes of iron ore concentrate annually.
"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," Alderon CEO Tayfun Eldern said in a statement.
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