This establishes the record for the largest shipping program ever executed in the Canadian High Arctic.
Baffinland Iron Mines Corporation Mining News
The Amended Agreement supersedes the original Mary River IIBA, originally signed in September 2013.
Document proposes replacing the road connecting the mine to a port with a railway, to reduce dust and sediment in the water.
Operation has been subject of controversy due to request for year-round shipping, which will require the use of icebreakers.
The ore mined will be shipped during the open water season of 2015.
The company will soon begin transporting ore up to Milne Inlet, where it will wait to be loaded onto ships during the open water season of 2015.
While the US interior department has launched a review of Shell’s whole Arctic oil drilling programme, mining projects look promising.
Baffinland's controversial and massive Mary River iron ore mine in the Qikiqtani Region of Nunavut —almost 500 kilometres inside the Arctic circle— continues to polarize residents as the $4 billion project awaits its final approval.
The president of the Qikiqtani Inuit Association is on a junket at the London Olympics as a guest of ArcelorMittal, which is in the final stages of getting approval for its giant iron mine on Inuit land.
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.
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.
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 […]
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 […]
Baffinland Reviews Early Stage Production via Road Haulage and Accelerates Completion of Draft Environmental Impact Statement
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 […]