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November 8, 2012
07:02 EDTAXXAlderon signs engineering, procurement and construction management agreement
Alderon Iron Ore announce that it has signed an Interim Engineering and Planning Services Agreement with WorleyParsons Canada Services Ltd to perform Engineering, Procurement and Construction Management, or EPCM, Services on the Kamistiatusset Iron Ore Project in Western Labrador. WorleyParsons is one of the few global companies with the track record, resources, technical capabilities and systems to meet the demands of large-scale projects. The services contained within the Interim Agreement are estimated to cost $2.5M to complete and will allow WorleyParsons to progress with certain deliverables while pursuing negotiations for the full EPCM Agreement.
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