Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Maritime Canada-focused project developer Alderon Iron Ore on Tuesday announced that it expected to have further delays in completing its financing plan and to start construction of its flagship Kami direct shipping iron-ore project, in western Labrador, citing the current depressed state of the iron-ore market and changes in ownership and management of assets in the Labrador Trough. The TSX- and NYSE MKT-listed company also revealed a reshuffling of senior management, which would undertake a rescope of the capital and operating costs of the Kami project to identify project savings and to evaluate strategic alternatives for the company.
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