Alderon Iron Ore submits EIS for Kami Iron Ore Project

Alderon Iron Ore Corporation announces that another significant milestone has been achieved with the submission of its Environmental Impact Statement to the Federal and Provincial Governments for the Kami Iron Ore Project in Labrador West. The EIS document consists of more than 5000 pages of technical analysis and provides a full and thorough assessment of the predicted project effects on the biophysical and human environments.

Mr Mark Morabito executive chairman of Alderon said that «Since we began the journey of developing this incredible resource, we have achieved many exciting milestones including entering into numerous financial agreements and strategic partnerships, as well as securing access to port facilities. The EIS represents the building of momentum towards project sanction, and we are pleased to make this submission to both levels of government. «

Mr Tayfun Eldem president CEO of Alderon said that «This extensive document represents more than two years of data collection and analysis, as well as substantial consultation with stakeholders. We want to thank every single individual and group who contributed to this process. By working together with communities and stakeholders and keeping lines of communications open, we will ensure that this project is mutually beneficial to all. The incredible amount of effort and detail that went into this EIS also demonstrates our company’s commitment to meeting superior standards for sustainable development. «

The next step in the Environmental Assessment Process is for the federal and provincial governments to post the complete EIS and provide notification of the commencement of the public review period. Governments, stakeholders, aboriginal groups and the general public will review the information contained in the EIS, and provide relevant comments back to the government where there are outstanding issues or concerns. In the meantime, Alderon will continue to actively engage all stakeholders, regulatory agencies and aboriginal groups to ensure an efficient and timely completion of the EA process.

Source – Alderon Iron Ore Corporation

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