King & Bay
has been an incubator for businesses since 2003, growing to invest in promising business ventures in the natural resource, airline and tech sectors. With an eye to the latest trends and leveraging the vision of our founder, we have become the experts in panning through the rubble of risk to extract the gold of opportunity.
The team at King & Bay offers a unique skillset combining merchant banking practices with fully integrated management services including financial, legal, technical, and administrative expertise, with a goal to develop a true partnership with our portfolio companies.
Tayfun Eldem is currently the President and Chief Executive Officer of Alderon Iron Ore Corp. and sits on the advisory board of King & Bay group of companies. Previously, Mr. Eldem was Managing Director of Iron Ore & Coal for Hatch Ltd. where he was responsible for business development across five regions of the world. In addition, Mr. Eldem previously worked for the Iron Ore Company of Canada, a Rio Tinto subsidiary, for more than 20 years. During this period, Mr. Eldem held many senior roles including Vice President, Expansion Projects & Engineering, and Chief Operating Officer where he oversaw the company operations from the mine through the concentrator and pellet plant to railway and port. In addition, he was accountable for the development and delivery of a nearly $2.0 billion program of green and brown fields expansion projects and strategic and tactical oversight of clean air and GHG reduction programs. Mr. Eldem is a professional engineer and holds a Bachelor of Electrical Engineering degree from Dalhousie University along with Operations Management and Strategic Leadership certificates from Richard Ivey School of Business and London Business School respectively.Back to Our Team Back to Our Team