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KMLP – Kami Iron Ore Mine Development – Quebec - Project Profile

KMLP – Kami Iron Ore Mine Development – Quebec - Project Profile

Synopsis

"KMLP – Kami Iron Ore Mine Development – Quebec - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "KMLP – Kami Iron Ore Mine Development – Quebec - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Kami Mine Limited Partnership (KMLP), a company formed by Alderon Iron Ore Corp. and Hebei Iron & Steel Group Co. Ltd., are planning to undertake the construction of a Kami Iron Ore Mine Development in Quebec, Canada.

The project involves the construction of an open-pit iron ore mine on 7,700ha of land with a nominal capacity of 7.8 million tonnes per annum (MTPA) of iron ore concentrate.

The work will include the construction of waste rock disposal areas, processing infrastructure, a tailings management facility, a processing plant, site buildings, access roads, primary crushers, concentrator service buildings, a rail transportation component and related infrastructure facilities.

BBA Inc. has been appointed as study consultant along with Stantec Consulting Ltd. and Watts, Griffis and McOuat Limited as consulting engineer.

WorleyParsons Ltd was awarded the engineering, procurement and construction management (EPCM) contract on May 3, 2013.

On October 22, 2013, KMLP signed an agreement with Metso to supply two grinding mills comprising one autogenous (AG) mill and one ball mill.

On January 10, 2014, the Cabinet of Newfoundland and Labrador determined that the project has met the requirements of Part X of the Newfoundland and Labrador Environmental Protection Act and is now released from the Provincial EA Process. The project still requires release from the Federal EA process.

In February 2014, KMLP signed a power purchase agreement and security agreement with Newfoundland and Labrador Hydro (NLH), a subsidiary company of Nalcor Energy.

In order to fund the first security deposit required under the Security Agreement, Kami LP received a US$22 million loan from Liberty Metals & Mining Holdings, LLC (LMM).

KMLP completed required engineering works for the proposed project and received all its regulatory approvals.

In June 2016, Alderon completed the engineering work required to commence construction.

On February 28, 2017, re-Scoped Preliminary Economic Assessment (PEA) completed.

On April 5, 2017, independent Economic Impact Assessment (EIA) completed.

KMLP is in the process of conducting detailed engineering and securing the necessary financing for the development, subject to the commencement of construction the project will take 29 months to complete.

Scope

The project involves the development of an open-pit iron ore mine on 7,700ha of land with a nominal capacity of 7.8MTPA in western Labrador, Quebec, Canada.

The US$1,270 million project includes the following:

1. Construction of waste rock disposal areas

2. Construction of processing infrastructure

3. Construction of a tailings management facility

4. Construction of a processing plant

5. Construction of concentrator service buildings

6. Construction of primary crushers

7. Construction of access roads

8. Construction of related infrastructure facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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