09:56 AM EST - Alderon Iron Ore Corp. : announce it, through The Kami Mine Limited Partnership, has entered into a definitive Engineering, Procurement and Construction Management Agreement with WorleyParsons Canada Services Ltd. who will be the engineering, procurement and construction management contractor for the development of the Kami Iron Ore Project. The budget for the EPCM Agreement with WorleyParsons is estimated at $92.5 million, which is consistent with the cost estimate set out in Alderon's Feasibility Study for the Kami Project. Alderon Iron Ore Corp.
shares T.ADV are trading up $0.07 at $1.19.
