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Alderon proceeds with port plan

Keywords: Tags  Alderon Iron Ore, Tayfun Eldem, Quebec port, iron ore, iron ore exports, Stacy Irish


NEW YORK — Alderon Iron Ore Corp. is forging ahead with plans to build a deepwater dock at the Port of Sept-Îles, Quebec, to support its iron ore exports.

Construction of the multiuser dock is on schedule and is expected to be completed in late March 2014, the Montreal-based iron ore development company said.

The port is confident the project will be delivered within the Canadian $220-million ($211.3-million) budget.

Alderon president and chief executive officer Tayfun Eldem said in September that once production starts most of the company’s iron ore concentrate sales would be to China, although it is open to selling some in North America (amm.com, Sept. 13).

A version of this article was first published in AMM sister publication Steel First.


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