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Alderon Iron Ore Corp AXXDF

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Bullboard Posts
Comment by BGrahamon Feb 04, 2013 12:59pm
106 Views
Post# 20934966

RE: Modern Chinamax Port

RE: Modern Chinamax Port

...."“A self-unloading laker with a capacity of about 30,000 tonnes runs back and forth from the Port of Sept-Ile to a larger vessel in the Gulf of St.awrence L, which is arguably $6-$8 per tonne in additional costs,” he says of Cliff’s transshipment methods. “It’s a big colossal waste of money for Cliffs and just an example of how inadequate the current capacity is.”......

 

In Cliffs September, 2012 website presentation page 14 give a breakdown of how Cliffs expects to get from $95 cash cost per tonne currently to $63 in the future. Transhipping is listed as one of the items and indicates a $3 per tonne saving is expected.

Does this mean that trasshipping from laker to larger ship is $3 per tonne. If so this is less than half of that in the quote above.

Of course this is only a Power Point style presentation and no detail is given - do they hope to cut the $3 by eliminating transhipping or do they expect to cut the cost of transhipping itself by $3?

 

BG
 

Bullboard Posts