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  • Kami Iron Ore Project Boasts Economic Boost: Report

    Alderon today released an independent Economic Impact Assessment of the Kami Iron Ore Project in Labrador West that the company says shows significant economic benefits to the region and province as a whole.

    The report, prepared by Strategic Concepts In and Dr. Wade Locke of Memorial University was commissioned by the company.

    It shows the Kami Project will generate some $2.2-billion in direct, indirect and induced incomes to workers and local business, 32,000 person years of employment during construction and operation and $1.8-billion in treasury contributions in taxes.

    Alderon President Mark Morabito says the release of the report represents another significant milestone in their efforts to re-boot the Kami Project.

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