Winning Wabush pits not 'life or death' for Alderon’s Kami iron project – CEO

Securing the closed Wabush mine assets is not a life or death threat to developing Alderon Iron Ore’s flagship Kamistiatusset (Kami) high-grade iron-ore property. Not securing the assets will merely be a setback, chairperson and CEO Mark Morabito has told Mining Weekly Online. In an interview on Thursday, he said the near-term focus for the project developer is to gain access to the Scully pit located next door for use as a tailings facility, and the company has made a C$1-million bid to acquire the assets located in the famed Labrador Trough.