IRON ORE: Alderon chooses Metso services for Kami project

LABRADOR – Alderon Iron Ore Corp. says that The Kami Mine Limited Partnership ("Kami LP"), an affiliate of Alderon, has signed a life cycle services agreement with Metso Minerals Canada with respect to the development of the Kami iron ore project near Wabush in western Labrador.

Alderon earlier chose Metso as the supplier of the autogenous mill, ball mill, car dumpers and the primary gyratory crusher for the Kami project. The latest Metso contract is for provision of ongoing maintenance services with respect to all the equipment in the processing area.

"We have chosen Metso to improve overall equipment reliability, to enable a rapid ramp-up to nameplate capacity and to secure the aggressive maintenance cost targets from our feasibility study," says Tayfun Eldem, Alderon president and CEO.

The agreement applies to all mechanical maintenance in the processing area and not just the equipment supplied by Metso. Metso will also provide planning, supervision, labour, hand tools and consumables to perform the preventative maintenance, normal course and peak mechanical maintenance, wear part replacements, parts management and other identified maintenance services for the equipment.

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