Kami mine clears federal assessment; company announces change in directors
Alderon Iron Ore has announced a change in its board of directors, while also celebrating a step forward in its Kami iron ore mine project today.
In a statement issued this morning, Alderon noted former premier Danny Williams has resigned from the company’s board of directors.
Williams, who has been with the board since 2012, will maintain a connection with the company as an adviser.
“Mr. Williams was an influential board member and his advice and active participation were instrumental in Alderon’s achievement of numerous milestones over the last two years. Alderon looks forward to Mr. Williams’ continued involvement with the company,” states the news release.
Meanwhile, on Monday, federal Environment Minister Leona Aglukkaq signed off Alderon’s Kami iron ore project from further environmental assessment. According to the statement issued by the Canadian Environmental Assessment Agency, the minister is of the opinion the mine project “is not likely to cause significant adverse environmental effects.” This is assuming mitigation measures promised by the company for any potential environmental impacts are seen through.
“The positive decision of the federal minister of environment marks another enormous milestone for Alderon as we move forward with the development of the Kami Project,” said Tayfun Eldem, Alderon’s president and CEO.
“We now have the green light from both the provincial cabinet and the federal minister and can move forward with our construction plans.”
The project was released from further assessment by the province in January.
Before construction can begin, the company must complete final permits with Fisheries and Oceans Canada and Transport Canada.
Alderon is also working towards completing its latest round of project financing.