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20
Dec
2017
Alderon resolves Kami’s Sept-Îles take-or-pay headacheBy:Creamer Media Deputy Editor: North America IRON-ORE Iron-ore project developer Alderon Iron Ore has reached an agreement with the Sept-Îles Port Authority to resolve a take-or-pay obligation for reserved annual iron-ore loading capacity.
In lieu of any further take-or-pay obligations, the port authority will hold on to the C$20.46-million security the company provided in 2012.
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