https://www.engineeringnews.co.za

Alderon brings on board IPP for Kami power equipment

28th February 2019

By: Creamer Media Reporter

     

Font size: - +

Project developer Alderon Iron Ore has signed a memorandum of understanding with Envest, whereby the independent power producer (IPP) will acquire and manage the equipment for the Kami mine, in western Labrador.

The transaction will provide up to $35-million for power infrastructure, which Alderon intends to procure from Schneider Electric.

Envest and Kami will also explore the potential for additional financial solutions from Envest for other equipment to be used at the advanced stage iron-ore project.

“We are thrilled to partner with Envest due to their industry expertise and comprehensive energy solutions for large industrial projects,” said Alderon president and CEO Tayfun Eldem.

Once developed, the Kami mine will operate for 23 years, producing an average of 7.84-million tonnes a year of premium-quality iron-ore concentrate with an iron content of 65.2%.

Alderon is still raising financing for the mine, which will require about $980-million in capital expenditure.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 
The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

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:0.057 1.319s - 140pq - 2rq
Subscribe Now