IRON-ORE
Project developer Alderon Iron Ore has received the updated preliminary economic assessment (PEA) for the Rose deposit, at the Kamistiatusset (Kami) iron-ore property, 10 km from Wabush, setting the stage for the revival of the high-grade project which has been shelved for several years. "The completion of the PEA marks the beginning of the reboot of the Kami project in the new economic environment for iron-ore," stated chairperson and CEO Mark Morabito.
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