Alderon Iron Ore Corp. (AXXDF)
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Alderon Iron Ore Corp. Profile
| Metals & Mining Industry | Materials Sector | John Harper CEO | OTC PINK Exchange | 01434T100 CUSIP |
| CA Country | 1 Employees | - Last Dividend | 4 Mar 2010 Last Split | - IPO Date |
Overview
Alderon Iron Ore Corp. specializes in the acquisition, exploration, and development of mineral properties, focusing primarily on iron ore. Founded in 1978, the company has positioned itself within the commodity market as a significant player, especially in iron ore extraction and development. It was initially known as Alderon Resource Corp. before renaming to Alderon Iron Ore Corp. in September 2011, indicating a more focused commitment towards iron ore projects. The firm's headquarters are strategically situated in Vancouver, Canada, which grants it access to numerous logistical advantages for both domestic and international operations. Its principal asset, the Kami iron ore project, showcases the company's dedication to developing high-potential sites. This project, located in Western Labrador, Canada, represents a substantial part of Alderon's portfolio, highlighting the company's expertise in managing and advancing mining operations on a significant scale.
Products and Services
- Exploration and Development of Mineral Properties
Alderon Iron Ore Corp. is primarily engaged in identifying, securing, and analyzing mineral sites with potential iron ore deposits. The company utilizes cutting-edge technology and industry-leading practices to conduct comprehensive explorations, aiming to accurately determine the viability and value of its properties. This process involves geophysical surveys, drilling programs, and various analyses to ensure a thorough understanding of the site's potential.
- Kami Iron Ore Project
The Kami iron ore project, Alderon’s crown jewel, consists of 283 claim units that span an impressive 7,075 hectares in Western Labrador, Canada. This project underscores Alderon’s capability in managing large-scale mineral projects from the ground up. The development of the Kami project involves a series of systematic steps, including extensive research, exploration, feasibility studies, and engagement with local communities and regulatory bodies to ensure sustainable and responsible mining practices.
