Document key to regulatory review of proposed iron ore project
Mark Morabito, president and CEO of Alderon Resources Corp.
Alderon Iron Corp. has submitted an environmental impact statement (EIS) for its Kami iron ore project in Labrador to the provincial and federal governments for review.
The EIS is the main document entered by the proponent of a major project and outlines for government regulators any and all potential impacts of the project as the company sees it.
In this case, the document runs more than 5,000 pages.
“Since we began the journey of developing this incredible resource, we have achieved many exciting milestones including entering into numerous financial agreements and strategic partnerships, as well as securing access to port facilities,” said Mark Morabito, executive chairman of Alderon, in a company news release.
“The EIS represents the building of momentum towards project sanction, and we are pleased to make this submission to both levels of government.”
According to Alderon president and CEO, Tayfun Eldem, the document includes the results of “more than two years of data collection and analysis, as well as substantial consultation with stakeholders.”
It will feed the environmental assessment for the project.
According to the company, the governments will be left to post the completed EIS document and move ahead with public consultations as part of the assessment process.
As The Telegram reported on Sept. 20 (CLICK HERE) Eldem, says the company is poised to become the next major iron ore producer out of Canada as a result of its Kami project.
Power will be a key requirement for the mining operation. The company submitted a formal request for power to Nalcor Energy at the end of 2011 and that application is still being assessed.