The Kami Mine Limited Partnership (Kami LP) has entered into a memorandum of understanding (MoU) with digital energy management and automation firm Schneider Electric to transform the Kami mine, in western Labrador, into a fully digital mine.
Alderon Iron Ore president and CEO Tayfum Eldem said in a statement on Friday that it hoped the partnership with Schneider would reduce the capital spending and equipment cost targets from the September 2018 updated feasibility study and that it would accelerate the project schedule.