Hebei Iron makes its final $117.3M Alderon payment
Mar 18, 2013 | 03:54 PM
| Stacy Irish
Tags
Alderon Iron Ore,
Kami Limited Partnership,
Hebei Iron & Steel Group,
iron ore,
steel,
Stacy Irish
NEW YORK — Chinese steel producer Hebei Iron & Steel Group Co. Ltd. has made its final investment of Canadian $119.9 million ($117.3 million) in development company Alderon Iron Ore Corp. and its Kami iron ore project in eastern Canada.
Shijiazhuang-based Hebei Iron now owns 25 percent of the Kami Limited Partnership, which was established to own the Kami project, while Montreal-based Alderon holds the remaining 75-percent interest.....
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