Alderon wins appoval for Kami Iron Ore project in Canada

13 January 2014 (Last Updated January 13th, 2014 18:30)

Alderon Iron Ore has been granted approval by the Newfoundland and Labrador Government for the Kami Iron Ore project in western Labrador.

Alderon

Alderon Iron Ore has been granted approval by the Newfoundland and Labrador Government for the Kami Iron Ore project in western Labrador.

The Kami project has met all requirements of part X of the Newfoundland and Labrador Environmental Protection Act, therefore it has been released from the provincial EA process.

The project is in the final stages of the federal EA process, which is expected to be completed early this year.

Alderon President and CEO Tayfun Eldem said that the release from EA is a huge milestone for the Kami project.

"Our next goal is to finalise access to power for the project, which has also been in the works for over two years," Eldem said.

"We were very encouraged by the Newfoundland Government's comments prior to Christmas that indicated a decision was forthcoming, as they acknowledge the importance of a new transmission line to facilitate industrial development in western Labrador."

"All stakeholders agree that construction of a new transmission line must start immediately, to ensure economic opportunities are not lost in the region."

The mining industry has received support on this issue from municipal, provincial and federal political leadership, as well as key business and trade associations.

"All stakeholders agree that construction of a new transmission line must start immediately, to ensure economic opportunities are not lost in the region, and we look forward to an imminent decision on this front," Eldem added.

Following the move, Alderon expects to receive approval from the province for the construction of an additional transmission line from Churchill Falls to western Labrador.

The federal EA process has completed its public comment period and the final decision from the Minister of Environment is expected in February this year.


Image: The Kami project has met the requirements of part X of the Newfoundland and Labrador Environmental Protection Act. Photo: courtesy of Vichaya Kiatying-Angsulee.

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