Turning Technical Expertise and Business Passion into Global Efficiency Gains for the Kami Iron Ore Project in Canada, GE Power Conversion Rethinks Mining Power Solutions

GE Presented Integrated, Complete Solution Based on Long History of Reliable Operation and Technical Expertise

Alderon Looked to GE Technology to Build on Its Reliability-by-Design Philosophy

Project Joins Extensive List of GE's Large Capacity-Geared Mill Applications in Latin America, Asia and North America

WESTERN LABRADOR, CANADA — GE's Power Conversion business (NYSE: GE) was recently awarded a contract to supply equipment to drive Alderon Iron Ore Corp.'s (Alderon) autogenous (AG) grinding mills and ball mills. GE was awarded the contract by the engineering, procurement and construction management firm, WorleyParsons Canada, to provide medium-voltage high-efficiency electrical motors, drives, transformers and switchgear as part of the long-lead items for Alderon's Kami Iron Ore Project (Kami Project) in Western Labrador, Canada.

"We chose GE's Power Conversion business for this project based on its proven technology, technical expertise and acute business passion," said WorleyParsons' project manager. "GE offered us the advantage of a long history of reliable operation combined with the ability to integrate a complete solution, allowing us to operate more efficiently and cost-effectively."

GE Power Conversion's solution consists of four low-speed synchronous (air-cooled) motors and MV7000 medium-voltage drives operating at 7,500 kilowatts on a dual-pinion AG mill and a dual-pinion ball mill. Both the AG grinding and ball mill motors and drives are interchangeable, allowing for a common spare motor. GE's solution for the Kami Project is capable of reducing operating costs by supplying a reactive power pack to the electrical grid and compensating for reactive loads usually found at mine sites.

"With close to 500 low-speed synchronous motors currently operating on grinding mills, the Kami Project joins the extensive experience list of GE large capacity-geared mill applications in Latin America, Asia and North America over the past five years," said Rob Freeman, mining commercial leader, GE's Power Conversion business. "For example, in 2010, GE received an order for the largest geared mill in operation worldwide at 17 megawatts (MW), followed by another 17-MW order in 2011. Both of these projects, located in China, have been commissioned and have been operating reliably ever since."

GE Power Conversion's unified MV7000 is a single-drive solution that covers a wide range of power from 3 to 100 MW and voltage from 3 to 10 kilovolts. Power scalability is provided by adding insulated gate bipolar transistors (IGBT) in series, a GE Power Conversion patented technology, in order to increase voltage. This is enabled by press-pack technology in combination with NPP (neutral point piloted) topology, which can deliver a power density of up to 1.5 MVA/m3, considerably higher than most systems available today. The MV7000 drive units are therefore less complex, lighter and take up less space—a key advantage on rigs, shipping and existing plants where space is at a premium and weight carries a costly penalty.

Reliability is crucial, especially in the harshest of working environments, whether it is offshore drilling platforms, gas compression trains or heavy steel rolling mills. Downtime or lack of availability costs money. With only 18 press pack injection-enhanced IGBTs, the MV7000 design shows a "reliability-by-design" philosophy.

About Alderon

Alderon is a leading iron ore development company in Canada with offices in Montreal, Vancouver, St. John's and Labrador City. The Kami Project, owned 75 percent by Alderon and 25 percent by Hebei Iron & Steel Group Co. Ltd. (HBIS) through The Kami Mine Limited Partnership, is located within Canada's premier iron ore district and is surrounded by four producing iron ore mines. Its port handling facilities are located in Sept-Iles, the leading iron ore port in North America. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production. HBIS is Alderon's strategic partner in the development of the Kami Project and China's largest steel producer.

For more information on Alderon, please visit their website at www.alderonironore.com.

About WorleyParsons

WorleyParsons is a leading provider of professional services to the resources and energy sectors and complex process industries. Its services cover the full asset spectrum both in size and lifecycle—from the creation of new assets to services that sustain and enhance operating assets. From small brownfield services contracts to mega greenfield projects, WorleyParsons has the skills and technologies to address all challenges. WorleyParsons extensive experience ensures that it provides project solutions with the lowest total lifecycle cost while meeting each customer's specific requirements. In delivering engineering, procurement and construction management services, WorleyParsons possess the versatility and flexibility to serve as the sole supplier, member of a joint venture, a subcontractor or contract services locally. In order to respond more effectively to our customers' needs, WorleyParsons also promotes and has formalized alliances, partnerships and consortiums.

For more information, please visit: www.worleyparsons.com.

About GE Power Conversion

GE's Power Conversion business applies the science and systems of power conversion to help drive the electrification of the world's energy infrastructure by designing and delivering advanced motor, drive and control technologies that evolve today's industrial processes for a cleaner, more productive future. Serving specialized sectors such as energy, marine, oil and gas, renewables and industry, through customized solutions and advanced technologies, GE Power Conversion partners with customers to maximize efficiency. To learn more, please visit: www.gepowerconversion.com.

Follow GE's Power Conversion business on Twitter @GE_PowerConvers and on Linkedin.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

Media contact:

Paul Floren, GE

Power Conversion, External Affairs

Phone: +33 1 53 59 28 44

Email: paul.floren@ge.com

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