https://www.engineeringnews.co.za

Alderon appoints new CFO

11th June 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Labrador Trough-focused project developer Alderon Iron Ore has appointed Francois Laurin as CFO with effect from June 17, following the resignation of Keith Santorelli.

Laurin held several senior management positions in Canada before joining Alderon, having previously served as CFO at Consolidated Thompson Iron Mines, which was acquired by Cliffs Natural Resources for $4.9-billion in 2011.

Most recently, he was president and CEO of Cap-Ex Iron Ore and CFO of Copper One. He currently serves on the boards of Cap-Ex Iron Ore, Copper One, Mason Graphite and McGill University Health Centre and is a member of the audit committee of McGill University.

Laurin is a certified public accountant, a chartered accountant and a chartered financial analyst.

"As we approach the financing and construction phase of the Kami project, we are well positioned to move forward with our execution plans," Alderon president and CEO Tayfun Eldem said.

The company, in May, through the Kami Mine partnership, entered into a definitive engineering, procurement and construction management agreement with WorleyParsons Canada Services for the development of the Kami iron-ore project.

Under the terms of the agreement, WorleyParsons would be responsible for the $92.5-million budget to develop the project.

Alderon’s TSX-listed shares edged up 3%, to C$1.03 apiece, on the news, but had lost about 41% in value from the start of the year.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.861s - 140pq - 2rq
Subscribe Now