Alderon Iron Ore Corp. (AXX) dip on Nalcon deal
Posted on January 10, 2013 at 10:43 AM EST
Normal 0 false false false MicrosoftInternetExplorer4 Alderon Iron Ore Corp. (AMEX:AXX) shares fell 2.7% to $2.13, on word that Nalcor Energy will supply power to Alderon's Kami Project subject to certain conditions, which include the completion of necessary engineering and design work for power infrastructure, the conclusion of a comprehensive Power Purchase Agreement, and the receipt of any required environmental or other regulatory approvals for power infrastructure. Share volume was 26,000 quadrupling its all-day average /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}