Alderon Iron Ore

Alderon Iron Ore Corp.  (formerly Alderon Resource Corp.) is a Vancouver, nbsp;British Columbia  based company focused on the exploration, development and mining of an iron ore property in the southern Labrador Trough  geological belt in southwestern Newfoundland & Labrador, near the Quebec border.^[1]  In 2010, Alderon Iron Ore acquired the rights to The Kamistiatusset ("Kami") property in the Labrador Trough. In 2013, Alderon concluded an agreement with China's leading steel manufacturer, Hebei Iron & Steel  whereby Hebei have invested $182.2 million and will purchase 60% of the mine's annual production for a near 20% stake in Alderon and 25% interest of an iron ore property.^[2][3][4] In January 2014 the Kami Project was released from Provincial Environmental Assessment.(edit by kwokcc)