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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:32 EDTAXXAlderon files feasibility study technical report
Alderon Iron Ore announced that it has filed a National Instrument 43-101 Technical Report dated effective December 17, 2012 on SEDAR. The Report is with respect to Alderon's Feasibility Study, or FS, of the Rose Deposit and Resource Estimate for the Mills Lake Deposit of the Kamistiatusset Iron Ore Property in western Labrador. The results of the FS were announced in a January 9 news release and there are no material differences between the results announced in that news release and those contained in the final report.
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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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