Project developer Alderon Iron Ore will formally kick off its financing efforts to raise capital to build the Kami project, which will produce a premium-quality iron-ore concentrate with 65.2% iron content.
Located in the Labrador Trough near three producing iron-ore mines, Kami has a capital expenditure requirement of $982.4-million, according to the September 2018 updated feasibility study, which also calculated a net present value of $1.70-billion, at an 8% discount rate, and an internal rate of return of 24.6%.