https://www.engineeringnews.co.za

Kamistiatusset iron-ore project, Canada

8th March 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Kamistiatusset (Kami) iron-ore project.

Location
Western Labrador, Canada.

Project Owner/s
Kami Mine Limited Partnership, a joint venture between Alderon Iron Ore (75%) and HBIS (25%).

Project Description
The updated feasibility study on the Rose deposit of the Kami project completed in September 2018 has demonstrated the strong economics of the project, which will produce a premium-quality iron-ore concentrate with higher iron content and ultralow impurities relative to the 62%-iron grade benchmark.

The project hosts proven and probable reserves of 517.2-million tonnes grading 28.8% total iron.

The project will produce 7.84-million tonnes a year of 65.2% iron concentrate over a 23-year mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $1.70-billion and an internal rate of return of 24.6%, with a payback of four years.

Project Owner/s
The total estimated capital cost of the project is $982.41-million.

Planned Start /End Date
The project will take 26 months to construct.

Latest Developments
Alderon has signed a memorandum of understanding with Envest, whereby the independent power producer (IPP) will acquire and manage the equipment for the Kami mine.

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.

Alderon is still raising financing for the mine. 

Key Contracts and Suppliers
Envest (equipment management and acquisition) and Schneider Electric (power infrastructure).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Alderon Iron Ore, tel +1 604 681 8030 or email info@alderonironore.com.

 

 

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

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 1.209s - 162pq - 2rq
Subscribe Now