Alderon Iron Ore Corp , the company with the most advanced project in Canada's iron ore-rich Labrador Trough region, said on Tuesday it will cut jobs and defer an interest payment as iron ore prices remain at five-year lows. Alderon declined to say how many jobs it will cut but said it will not reduce its core executive team as it continues to seek financing to develop its $1.3 billion, construction-ready Kami project.
