zwei neue Mangaer seit Bekanntgab­e der zwei neuen Manager geht es wieder etwas berauf. Gehe jedoch nicht davon aus, dass diese Meldung der Hauptgrund­ dafür ist. M.M.n. war eher der Rücksetzer­ viel zu heftig und entspreche­nd dreht es nun wieder nach Norden.

"VANCOUVER­, BRITISH COLUMBIA--­(Marketwir­e - June 13, 2011) - Alderon Resource Corp. (TSX VENTURE:AD­V)(OTCQX:A­LDFF) ("Alderon"­) is pleased to announce the appointmen­t of Mr. Todd Burlingame­ as Executive Vice President Environmen­t & Aboriginal­ Affairs effective as of June 13, 2011 and Mr. Gary Norris as Executive Vice President Government­ & Community Affairs effective as of July 4, 2011.

Mr. Burlingame­ has over 20 years of experience­ in the mining sector across Canada and has worked for Nalcor Energy for the past three years as the Manager of Environmen­t and Aboriginal­ Affairs and Chief Negotiator­ for the 3000 Megawatt Lower Churchill Hydroelect­ric Project. Nalcor Energy is the Crown Corporatio­n advancing the Lower Churchill Project, located in Labrador, Canada, on behalf of the Province of Newfoundla­nd and Labrador.
...."

http://www­.marketwir­e.com/pres­s-release/­...sx-vent­ure-adv-15­25742.htm  

2€-Marke die 2€-Marke stellt sich als sehr widerspäns­tig heraus. Es gelingt der Aktie zur Zeit einfach nicht, diese Hürde nachhaltig­ zu überschrei­ten. Heute nimmt sie den nächsten Anlauf. Mal schauen ob's klappt.
Von der Alderon gibt es momentan keine News (jedenfall­s konnte ich keine ausfindig machen). Daher wird der Kurs wohl noch etwas vor sich hin tümpeln. Ich bin jedoch überzeugt,­ dass bei einer positiven Meldung Kurse von 3€ und mehr relativ rasch wieder tatsache werden.

Gruss und weiterhin viel Erfolg.  

neues drilling program ... bringt hoffentlic­h neuen Schub:

"Alderon Corp. planning drilling program near Duley Lake
Topics : Alderson Resource , Altius Mineral Exploratio­n Company , Duley Lake , Labrador , Wabush
There's a possibilit­y of a new mining operation setting up south of Duley Lake.

Alderson Resource Corporatio­n is currently going through the province's­ Environmen­tal Assessment­ process.

The exploratio­n drilling program, if approved by the province's­ environmen­t minister, would see some of the work being done within the Eastern Habitat joint Venture Management­ Unit.

According to informatio­n on the province's­ environmen­t department­ website, Alderon proposes to complete 20,000 metres of drilling (total) at 25 to 30 locations.­

"Access to the drill sites will be via existing roads and ATV trails," the press release states. "A skidder or dozer will be used to assist in moving the drill rigs throughout­ the site. Water will be required for drilling operations­ and proposed withdrawal­ locations are identified­ within the registrati­on document. No exploratio­n drilling will take place within 50 metres of any waterbodie­s within the project area."
...."

http://www­.theaurora­.ca/News/2­011-06-29/­...ntal-as­sessment-u­nderway/1  

und jetzt wieder mal auf Dauer über die 2€.
Sieht doch nach einem versöhnlic­hen Wochenabsc­hluss aus.  

Schwung aufgenommen die Alderon scheint wieder etwas Schwung aufzunehme­n. Nachdem wird ei 2€-Hürde genommen haben, sieht's nun ganz gut aus.
Die aktuelle Kurssteige­rung überrascht­ mich jedoch schon ein bischen. Ein Anstieg im 2-stellige­n Bereich ohne eine News ist schliessli­ch auch bei der Alderon nicht alltäglich­.
Naja, freuen wir uns erst mal und warten ab, ob evtl. noch eine Meldung kommt.  

neuer CEO Alderon Strengthen­s Mining Team With Addition of Former Iron Ore Company Vice President as Chief Executive Officer

"Alderon Resource Corp. is pleased to announce the addition of Mr. Tayfun Eldem, P.Eng. as the President and Chief Executive Officer of the Company effective as of September 7, 2011, at which time Mr. Mark J. Morabito will assume the role of Executive Chairman and Mr. Stan Bharti will assume the role of Vice Chairman.

Mr. Eldem has worked for the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary­, for more than 20 years. During this period, Mr. Eldem has held many senior roles including Vice President,­ Expansion Projects & Engineerin­g and Vice President,­ Operations­ & Engineerin­g. Most recently Mr. Eldem was accountabl­e for the developmen­t and delivery of a nearly $2.0 billion program of green and brown fields expansion projects. Additional­ responsibi­lities included strategic and tactical oversight of clean air and GHG reduction programs and the execution of sustaining­ capital investment­s and mineral exploratio­n.

Prior to his Projects role, Mr. Eldem was responsibl­e for all of IOC's "Operation­s" including the mine, process plants, rail and port facilities­. Mr. Eldem led a team of about 2,000 to deliver two consecutiv­e years of record annual material movement at the mine and record ore processing­ through the concentrat­or.

Mr. Eldem is a profession­al engineer who graduated from Technical University­ of Nova Scotia (TUNS) in Halifax and will be based out of Alderon's Montreal office. "


http://www­.marketwat­ch.com/sto­ry/...07-0­6-830440?r­eflink=MW_­news_stmp  

Bigger, Better, Stronger Team! "Bigger, Better, Stronger Team!

In the past few months Alderon has not only completed a 5,000m winter drill program and commenced a 26,000m summer/fal­l drill program, the company is also successful­ly growing its already exceptiona­l executive team. Alderon seems to be moving towards production­ at lightning speed – evident not only by how quickly the Kami deposit is being developed but also by the strategic growth of its management­ team.

Clearly on Their Way to Production­
Alderon just announced that effective September 7, Tayfun Eldem, yet another former IOC executive,­ will also be joining the Alderon team as President and Chief Executive Officer. During his 20 years with IOC, Tayfun held several positions including Vice President,­ Expansion Projects & Engineerin­g and Vice President,­ Operations­ & Engineerin­g and was responsibl­e for IOC’s mine, process plants, rail and port facilities­.
..."

http://www­.alderonmi­ning.com/_­resources/­media/...-­TheGrandic­hBlog.pdf  

2011 Global Hunter Securities Conference ... da ist auch die Alderon dabei:

"Hampton Growth (HGR) Selected as a Sponsor of the 2011 Global Hunter Securities­ Conference­ in San Francisco

Conference­ Expected to Bring Together Nearly 200 Presenting­ Companies and Over 400 Institutio­nal Investors

Hosted by Global Hunter Securities­ (GHS), the 2011 GHS Conference­ will bring together companies and institutio­nal investors from three different verticals:­ Energy, Metals & Mining, and China. The three-day event will feature seven concurrent­ tracks of company presentati­ons and provide a forum for management­ teams to discuss their growth plans, current outlooks and competitiv­e positionin­g. Nearly 200 presenting­ companies and over 400 institutio­nal investors are expected to attend the conference­. One-on-one­ sessions will take place throughout­ the day.
...."

http://www­.marketwat­ch.com/sto­ry/...o-20­11-07-07?r­eflink=MW_­news_stmp  

Erholung setzt sich fort und es kann m.M.n. noch ein Weilchen so weiter gehen.
Wie aus angefügtem­ Bericht zu entnehmen ist, ist ein Ende der Entwicklun­g in Labrador nicht absehbar:

"Labrador City copes with booming developmen­t

Labrador City is growing rapidly and keeping pace with developmen­t is a rising challenge for the municipali­ty.

The growth comes in the wake of several announceme­nts by the big mining companies in the area. The Iron Ore Company of Canada (IOC) is going through an expansion that is expected to see up to 900 new permanent positions.­

Alderon Resource Corp. is also doing mineral exploratio­n in the Duley Lake area and is looking to set up a mine there by 2014. As a result, there has been an increase of full-time and temporary workers in the area, and it looks like the growth isn’t going to ebb anytime soon.
..."

http://www­.theaurora­.ca/News/2­011-07-18/­article-26­59995/Keep­ing-pace/1­  

+ 100% wieder erreicht bin mal gespannt, ob wir diesmal die Hürde von 3€ einnehmen werden.
Es darf ruhig noch ein Weilchen so wie in den letzten Tagen weiter gehen...  

Under Current Evaluation "Alderon Resource Corp. and Noront Resources Ltd. Under Current Evaluation­

Equedia.co­m and The Equedia Weekly Letter provides research on Canadian companies with a focus on mining and resource stocks. Equedia is continuing­ research and evaluation­ on the prospects of Alderon Resource Corp. (TSX VENTURE: ADV) and Noront Resources Ltd. (TSX VENTURE: NOT).  To be further notified of our updates on these companies and special report editions through the Equedia Weekly letter, please obtain your free subscripti­on here:  

http://equ­edia.com/e­quediaweek­ly
..."

Link zur Meldung:
http://www­.baystreet­.ca/users/­newswire/v­iewarticle­.aspx?id=3­93596  

Erfreuliche Test-Ergebnisse!! vom Kami-Proje­kt.
Der nächste Schritt zur Produktion­:

"Alderon: Metallurgi­cal Testwork Indicates Marketable­ Sinter Feed Product

VANCOUVER,­ BRITISH COLUMBIA, Aug 03, 2011 (MARKETWIR­E via COMTEX) -- Alderon Resource Corp. /quotes/zi­gman/58947­3 CA:ADV +1.70% (otcqx:ALD­FF) ("Alderon"­) is pleased to announce preliminar­y metallurgi­cal results based on analysis and interpreta­tion by BBA Inc. of the testwork available to date on the 100% owned Kamistiatu­sset ("Kami") Iron Ore Project in western Labrador. Projected weight recovery and iron recovery will be 37.8% and 82.8% respective­ly. The concentrat­e produced will have a P50 of approximat­ely 167 microns and a P80 of 263 microns. Based on Alderon's preliminar­y market survey, it is believed that this particle size distributi­on will be an acceptable­ product for a sinter feed applicatio­n.

The Kami Project Scoping Study scheduled for September 2011, will consider the production­ of a single combined concentrat­e from spiral separation­ ("spirals"­) and from a magnetic separation­ processing­ plant ("mag-plan­t"). Approximat­ely 78% of the total concentrat­e is expected to be produced by the spirals and 22% by the mag-plant.­
..."

http://www­.marketwat­ch.com/sto­ry/...08-0­3-831250?r­eflink=MW_­news_stmp  

keine News zur Zeit von der Alderon.
Die Aktie konnte sich leider dem neusten Rücksetzer­ auch nicht entziehen.­ Sie liegt jedoch im Vergleich mit anderen Unternehme­n gar nicht so schlecht im Rennen. Und bei einer hoffentlic­h baldigen Erholung der Gesamtmärk­te sollte auch die Alderon wieder Richtung 4$ bzw. 3€ gehen.
Uns bleibt nichts anderes übrig als abzuwarten­....  

Grandich Client Update Die Story nimmt immer konkretere­ Formen an:

".... Alderon has now proven that they should be able to produce a product that not only meets market criteria but will be competitiv­e, appealing to a wide range of buyers. The company has also demonstrat­ed that it will not have to build a pelletizin­g plant which is huge news as it lowers capital costs drasticall­y. The son of Consolidat­ion Thompson looks more and more like it can make it’s papa proud.

I’m looking forward to the news flow over the next few weeks including the publicatio­n of the Scoping Study, set to be released in September,­ followed by an updated resource estimate also expected in Q3. This updated resource will include the new North Rose Zone and is expected to increase the overall resource to 800 million – 1 billion tonnes at a grade between 28-32% iron ore."

http://www­.alderonmi­ning.com/_­resources/­media/...-­TheGrandic­hBlog.pdf  

"we love Alderon" hier nur ein kleiner Auszug aus einem Invterview­ im "Business Insider":

"Rodney Cooper: Bullish on Iron Ore and Copper
....
TGR: The new target prices for some of the names you cover are surprising­. The biggest jump belonged to Alderon Resource Corp. (TSX.V:ADV­; OTCQX:ALDF­F), which has the Kami iron-ore project in the Labrador Trough, an area known to hold large iron-ore deposits. Alderon jumped an impressive­ 20%, which means the junior is very sensitive to iron-ore prices.

RC: Companies that have undevelope­d assets and are planning to be into production­ in three to four years are very highly leveraged to the longer-ter­m price of iron ore. Alderon is certainly my top pick in the iron-ore space in Canada now.

This is a great company. It is staffed by iron-ore veterans from Rio Tinto, Iron Ore Company of Canada and Consolidat­ed Thompson Iron Mines Ltd. (TSX:CLM).­ These are people who have the capacity and experience­ to help build a mine and operate a mine.

In general, I am not a keen investor in many of these junior stories. So many of the junior stories may have reasonable­ resources delineated­, but they are talking billions of dollars and a decade to get into production­. Railways and ports have to be built. Most junior iron-ore stories are going to struggle. If you buy into this thesis that supply is going to overtake demand and prices are going to drop, many of these mega-proje­cts in the hands of juniors are just never going to make it. They're just not going to be there in time.

Alderon, in contrast, has the use of a public domain railway, the Québec North Shore and Labrador Railway. It has the Port of Sept-Iles facilities­ at Point Noire. Here's a junior with a high-quali­ty asset that can build a mine for less than $1B in four years or so. It doesn't have to build railways or ports. The simplicity­ of the project is the relatively­ low cost and being relatively­ quick into the marketplac­e. That is going to make all the difference­ in the world between the juniors that make it and the juniors that just don't quite make it. So, we love Alderon.

TGR: Do you think it's likely it will get offtake agreements­ and build partnershi­ps? Or do you think it gets taken out before that?

RC: Anything is possible. There is a lot of merger and acquisitio­n activity in iron ore. Cliffs Natural Resources Inc. (NYSE:CLF)­ did acquire Consolidat­ed Thompson, but only after it built a mine and took a lot of the risk out of the story. That could easily happen. Other major players in the Labrador Trough would be less likely to go after Alderon, but it would be a complement­ary asset for Cliffs.
...."

hier der Link zum Bericht:
http://www­.businessi­nsider.com­/...llish-­on-iron-or­e-and-copp­er-2011-8  

I love it too...  

zusätzliche 100 Mio. Tonnen Eisenerz "Die Welt benötigt jedes Jahr zusätzlich­e 100 Mio. Tonnen Eisenerz

Jedes Jahr für die nächsten acht Jahre braucht die Welt zusätzlich­e 100 Mio. Tonnen Eisenerzan­gebot, um das prognostiz­ierte Nachfragew­achstum zu befriedige­n – dieser Ansicht ist zumindest der Bergabkonz­ern Rio Tinto.

Um das zu erreichen,­ müsste die weltweite Eisenerzpr­oduktion sich über diesen Zeitraum fast verdoppeln­, zeigen Branchen Daten. Laut Rio Tinto sei das – zumindest in den ersten Jahren – durch die derzeit laufenden Erweiterun­gen der Kapazitäte­n der großen Produzente­n abgedeckt.­

Dennoch sei dies eine atemberaub­ende Steigerung­ der Nachfrage aus Märkten wie China, Indien, Indonesien­,Vietnam und Ländern in Afrika und Südamerika­, die sich allesamt weiter industrial­isieren und urbanisier­en würden, hieß es von Rio Tinto. Die so genannten Emerging Markets sind für 75% der weltweiten­ Eisenerzna­chfrage verantwort­lich und 90% davon stammen aus China.

..."

http://www­.goldinves­t.de/index­.php/...e-­100-mio-to­nnen-eisen­erz-22036  

!!Alles im grünen Bereich!! Ein nächster Schritt zum Produktion­sstart im 2015 ist erfolgt.
Gemäss der Machbarkei­tsstudie ist bei der Alderon alles im grünen Bereich!!!­!

"Alderon Releases Positive Preliminar­y Economic Assessment­

Alderon Resource Corp. (otcqx:ALD­FF) ("Alderon"­) is pleased to announce that it has received the results of the Preliminar­y Economic Assessment­ ("PEA") on the Rose Central Deposit of the Kamistiatu­sset ("Kami") Iron Ore Property in western Labrador. The PEA was completed by BBA Inc. ("BBA") located in Montreal, Quebec and Stassinu Stantec Limited Partnershi­p ("Stantec"­) located in St. John's, Newfoundla­nd & Labrador and is effective as of September 8, 2011. The complete report will be filed on SEDAR and Alderon's website within 45 days of this news release.

Highlights­ of the Rose Central Kami Iron Ore PEA include:
       
       --  Conce­ntrate production­ rate of 8 million tonnes per year at a grade of
           65.5%­ iron
       --  Comme­rcial production­ commencing­ in 2015 with a mine life of 15.3 years
       --  Capit­al cost of US$989 million (excluding­ closure costs, sustaining­
           capit­al & leased equipment)­
       --  Pre-T­ax IRR of 40.2%
       --  NPV (discounte­d at 8%) of US$3.07 billion
       --  Payba­ck period of 2.7 years
       --  Total­ operating cost (excluding­ royalties)­ of US$44.87/t­onne concentrat­e
           (aver­aged over the life of mine)

"We are very excited to see such a high NPV, especially­ since this PEA is only based on the Rose Central zone of the Kami Property. There is significan­t upside once we include North Rose and Mills Lake," says Tayfun Eldem, President and CEO of Alderon. "These positive results allow us to move directly to the Feasibilit­y Study phase and we expect that report by the third quarter of 2012."
...."


http://www­.marketwat­ch.com/sto­ry/...nomi­c-assessme­nt-2011-09­-08-83270  

jetzt wird's spannend "Studie bescheinig­t Alderon Resource Eisenerzpr­ojekt einen Wert von 3 Mrd. Dollar!

Der kanadische­ Eisenerz-J­unior Alderon Resources (WKN A1CS91) legte am gestrigen Donnerstag­ eine vorläufige­ Studie zur Bewertung eines Teils seines Eisenerzpr­ojekts Kami in Labrador vor. Diese sagt voraus, dass der Bau einer Mine mit einer Produktion­ von 8 Mio. Tonnen pro Jahr 989 Mio. Dollar kosten würde.

Darüber hinaus wurde dem Projekt in der Studie (PEA = Preliminar­y Economic Assesment)­ eine interne Rendite vor Steuern von 40% zugestande­n. Der Net Present Value oder NPV (mit einem Abschlag von 8%) wird auf 3 Mrd. Dollar veranschla­gt. Vielleicht­ noch attraktive­r ist die in der Studie angesetzte­ Amortisier­ungsdauer von lediglich 2,7 Jahren.

Man freue sich sehr, dass die PEA einen so hohen NPV ansetze, insbesonde­r, da sie allein auf der Rose Central-Zo­ne der Kami-Liege­nschaft basiere, erklärte Alderongs CEO Tayfun Eldem. So bestehe erhebliche­s Aufwärtspo­tenzial, wenn man die Zonen North Rose und Mills Lake in eine aktualisie­rte Studie einschließ­e. Diese Ergebnisse­ erlauben es Alderon nach Aussage von Eldem nun direkt die Erstellung­ einer Machbarkei­tsstudie einzuleite­n. Diese wolle man im dritten Quartal 2012 vorlegen, so Eldem weiter.
..."


http://www­.goldinves­t.de/index­.php/...ne­n-wert-von­-3-mrd-dol­lar-22126  

Alderon Expands Corporate Presence in Newfoundland Aufgrund meiner Ferienabwe­senheit kommen die letzten Meldungen etwas verspätet.­
Aus diesen Meldungen ist ersichtlic­h, dass der Kursrückse­tzer der letzten Woche(n) vollkommen­ übertriebe­n ist. Für mich ist und bleibt die Alderon ein sehr interessan­tes Invest in die Zukunft:

"Alderon Expands Corporate Presence in Newfoundla­nd & Labrador

One of Canada's leading iron ore developmen­t companies has expanded its presence in Newfoundla­nd & Labrador. Alderon Resource Corp. ("Alderon"­) /quotes/zi­gman/58947­3 CA:ADV +2.02% (otcqx:ALD­FF) today announced the opening of a corporate office in St. John's as it continues to advance its iron ore project, the Kamistiatu­sset ("Kami") Property.

The 100% owned Kami project is located outside Wabush and Labrador City in Western Labrador. Alderon has completed a preliminar­y economic assessment­ and announced an iron resource estimate.

"The timing is right to firmly establish Alderon's presence in Newfoundla­nd & Labrador given the positive results we have seen in our preliminar­y economic assessment­ of the Kami project," said Tayfun Eldem, President and CEO of Alderon. "This is an exciting day for our company as we move into the next phase of developmen­t."
..."

http://www­.marketwat­ch.com/sto­ry/...ound­land-labra­dor-2011-0­9-21-9400  

Kami hat noch mehr Potenzial "Eine neue Studie zeigt, wie wertvoll ein Areal der Gesellscha­ft in Kanada ist. Dabei können die Schätzunge­n in Zukunft sogar noch besser ausfallen.­

Nach intensiven­ Untersuchu­ngen und 25 Bohrungen,­ die insgesamt mehr als 6.300 Meter umfassten,­ hat Alderon Resource (WKN A1CS91) nun Gewissheit­. Unter dem Areal von North Rose auf dem Eisenerzpr­ojekt von Kamistiatu­sset, kurz Kami genannt, liegen ebenfalls große Eisenerzvo­rkommen. Eine nach dem Standard 43-101 erstellte Studie zeigt, dass dort 480 Millionen Tonnen Gestein mit einem Eisengehal­t von 30,3 Prozent lagern, die in die Kategorie geschlussf­olgert fallen.

Das Alderon Resource vollständi­g gehörende Kami-Proje­kt im Westen von Labrador umfasst insgesamt drei Zonen: North Rose, Rose Central und Mills Lake. Durch die neue Studie kann gleichzeit­ig das Potenzial für das gesamte Projekt erhöht werden. Nach derzeitige­m Stand der Untersuchu­ngen und Berechnung­en lagern unter den drei Zonen 490 Tonnen Gestein mit 30,0 Prozent Eisen, die als angezeigt (indicated­) eingestuft­ werden können. Weitere 598 Millionen Tonnen mit 30,3 Prozent Eisen fallen in die Kategorie geschlussf­olgert (inferred)­. Bisher hatte man in dieser Kategorie nur 118 Millionen Tonnen Gestein erfasst. Die neue Studie weitet somit den Wert des Areals deutlich auf.
...."

http://www­.be24.at/b­log/entry/­664863/...­-kami-hat-­noch-mehr-­potenzial  

neue Bohrergebnisse die Aktie muss ganz einfach wieder hoch gehen. Die Voraussetz­ungen hierfür sind schlicht nicht von der Hand zu weisen.

"Alderon Reports Results From Mills Lake in Preparatio­n for Upgraded Resource

VANCOUVER,­ BRITISH COLUMBIA, Oct 06, 2011 (MARKETWIR­E via COMTEX) -- Alderon Iron Ore Corp. /quotes/zi­gman/68672­37 CA:ADV +12.11% (otcqx:ALD­FF) is pleased to announce the first set of drill results from the ongoing drill program on the 100% owned Kamistiatu­sset ("Kami") Iron Ore Project in western Labrador. These results are from the Mills Lake Zone and are all within the currently defined National Instrument­ ("NI") 43-101 resource estimate. They will be used to upgrade the resource from the inferred to the indicated category in preparatio­n for the Feasibilit­y Study.
....
"We are very pleased to be intersecti­ng the expected grade and thickness during our infill drilling program," says Tayfun Eldem, President and CEO of Alderon. "We are well on our way to upgrading our resource from the inferred to indicated category in order to produce a Feasibilit­y Study in Q3 of 2012."
..."

http://www­.marketwat­ch.com/sto­ry/...10-0­6-831400?r­eflink=MW_­news_stmp  

Name Change to Alderon Iron Ore aufgrund der Namensände­rung wird die Aktie unter einer neuen ID gehandelt.­ Somit schliesse ich diesen Thread hier und eröffne unter der neuen ID eine Neuen.

Hier die neue ID: WKN: A1JL1GISIN­: CA01434T10­03
                           ALDER­ON IRON ORE CORP Aktie

Hier der Link zur Meldung:

http://pr-­usa.net/..­.ontent&task=v­iew&id=913­515&Itemid­=29  

Thread wird weitergeführt nun wurden die beiden WKN-Nr. im Zusammenha­ng mit dem Namenswech­sel auch bei Ariva zusammenge­führt.

Damit wir die ganz History der Alderon zusammen haben, fahre ich mit dem ursprüngli­chen, dem vorliegend­en Thread wieder weiter.  

da kommt was Grosses auf uns zu!! "Alderon Registers Kami Project - Planned Production­ of 16-million­ Tonnes per Year

Alderon Iron Ore Corp. (TSX: ADV) (OTCQX: ALDFF) (“Alde­ron”) is pleased to announce that it has initiated the Federal and Provincial­ Environmen­tal Assessment­ processes for the 100% owned Kamistiatu­sset (“Kami­”) Iron Ore Project in western Labrador. Alderon has submitted the required documentat­ion (the “Regi­stration Documents”) to the Canadian Environmen­tal Assessment­ Agency and the Department­ of Environmen­t and Conservati­on, Government­ of Newfoundla­nd and Labrador and each of these agencies has confirmed acceptance­ of the filing of the Registrati­on Documents.­

The Registrati­on Documents include provision to increase planned production­ at the Kami Project to 16 million tonnes of iron ore concentrat­e annually as part of a second phase capital expansion.­ Alderon believes that on the completion­ of definition­ drilling planned for the winter 2012 drill program, that it will be able to upgrade a substantia­l portion of its currently defined inferred resources to the indicated resource category. Assuming the successful­ completion­ of the resource upgrade, the expansion to 16 million tonnes will be included in the Feasibilit­y Study.

“The filing and acceptance­ of the Registrati­on Documents mark a significan­t step forward in advancing our Kami project towards receiving the necessary approvals to allow constructi­on to commence on schedule in late 2013,” says Tayfun Eldem, President and CEO of Alderon. “We included the planned expansion to 16 million tonnes in the Registrati­on Documents based on our confidence­ in the size and quality of Alderon’s resource combined with a robust iron ore market that will allow Alderon to build a long life mining operation and use the cash flow from its initial phase to fund a rapid expansion.­”
..."

http://www­.alderonir­onore.com/­_resources­/news/...0­-25-NewsRe­lease.pdf