
It's all over but the shouting as ArcelorMittal and Nunavut Iron Ore Acquisition close in on their joint quest to control 100% of Baffinland Iron Mines and its Mary River project.
The iron ore market will never be as a sexy as its gold and silver counterparts; it’s much more about hard hats and dirty Dodge RAM 3500 trucks – you know, the ones that can pull big fishing boats up mountainsides, something I did just this past weekend.
Canadian Mining Journal reports: Almost four months have passed since Toronto-based Nunavut Iron Ore first proposed a takeover of Baffinland Iron Mines, owner of the Mary River iron ore project 160 km south of Mittimatalik (Pond Inlet). Nunavut Iron offered US$0.08 per share, an offer that had the Baffinland board saying "no thanks."
Reuters catalogues some of the challenges to develop the Mary River iron ore deposit: "Iron ore's not like gold. A little bar of gold is worth a huge amount of money, you can just fly it out," said BMO Capital …
The hearings by the Ontario Securities regulators will address whether Nunavut is capable of carrying out its C$1.45 per share offer for 60% of the iron ore miner TORONTO (Reuters) – Canadian security regulators will hear arguments on Thursday for
Baffinland Iron Mines shares are pushing well past the most recent offer price for the company on bets that a company such as Vale SA or Xstrata PLC will make a blockbuster bid to keep the big iron ore deposit …
Baffinland Iron Mines Corporation (TSX:BIM) announces that it is reviewing a road haulage option that would result in early stage iron ore production while the Company continues to pursue the development of the Steensby Inlet Port and Rail Project ("Rail …
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.