An iron ore company with a project in Labrador has appointed former premier Danny Williams as special adviser to its chairman.
Alderon Iron Ore Corp. announced the appointment Thursday morning. Alderon, with offices in Vancouver, Toronto, Montreal and St. John’s, is developing the Kami project in the Labrador Trough, near Fermont, Que., and Wabush and Labrador City in Labrador. The company expects to begin commercial production in 2015 and produce eight million tonnes per year at a grade of 65.5 per cent iron. Alderon estimates that the project will create 1,500 full-time jobs over 20 years, including 268 jobs at the mine and concentrator, with the rest provided indirectly through local service and support industries. The company also estimates the project will create more than 750 jobs during construction.
In a statement released today, Williams said, “I am honoured to be joining Alderon as its Kami Project is the first greenfields iron ore project in the Labrador Trough expected to go to development in the last 35 years and will be an important contributor to the economy of Labrador West and Newfoundland and Labrador as a whole for many years to come.”