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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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July 29, 2014
09:24 EDTAXXAlderon announces off-take transaction with Glencore
Alderon Iron Ore announced that The Kami Mine Limited Partnership, an affiliate of Alderon, has entered into an off-take agreement with a subsidiary of Glencore, with respect to an off-take transaction pursuant to which Glencore will acquire all of actual annual production from the Kami Project that has not been allocated to Hebei Iron & Steel Group Co., Ltd. Under the terms of the Off-Take Agreement, Glencore will be obligated to purchase, upon the commencement of commercial production, 40% of the actual annual production from the Kami Project up to a maximum of 3.2M tonnes of the first 8M tonnes of iron ore concentrate produced annually at the Kami Project. The term of the Off-Take Agreement will continue until Kami LP has delivered 48M tonnes of iron ore concentrate to Glencore, which is expected to be 15 years after the commencement of commercial production.

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