Baffinland gets $110M loan, court-approved extension
Canada’s Baffinland Iron Mines has been given a financial lifeline and additional time to stabilize operations while the struggling private company restructures under creditor protection….
Baffinland Iron Mines Corporation
Baffinland to terminate 1,100 workers at Mary River iron ore mine
Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Nunavut, as the company’s request to increase…
Workers at Baffinland ask Canada to approve mine expansion
Unionized workers at Mary River iron ore mine are asking Ottawa approve the miner’s request to increase shipping limit.
Review board rejects Baffinland expansion plans in Nunavut
Baffinland Iron Mines’ proposed expansion of its Mary River iron ore operation on the northern tip of Baffin Island, in Nunavut, has suffered a major…
Baffinland Iron Mines and Inuit association strike landmark agreement
A new multimillion-dollar agreement between Baffinland Iron Mines and the Qikiqtani Inuit Association (QIA) that includes a substantial royalty increase, Inuit oversight of environmental monitoring…
Far North Snapshot: Eight companies active in Canada’s Far North
The daunting task of exploring for minerals and developing mines in Canada’s Far North hasn’t dissuaded global mining companies from seeking riches in these underexplored…
Far North Snapshot: Seven companies active in the Arctic and near-Arctic
With metal prices on the rise, mineral projects and mines in the Far North are once again becoming more attractive, and companies are devoting more…
Former rivals now teammates in chase for Baffinland
In a new twist to the takeover battle for Baffinland Iron Mines (BIM-T), former rivals Nunavut Iron Ore and ArcelorMittal (MT-N) are teaming up in a joint bid.
ArcelorMittal looks to take Baffinland for $433m
Vancouver – ArcelorMittal (MT-N, MT-H) has bested an unsolicited private equity bid for Baffinland Iron M…
TSX participants balance gyrations in gold, loonie and greenback
The TSX Composite Index was up a modest 14 points to finish the Sept 20-24 period at 12,204.86.
Baffinland receives $274m takeover offer
Vancouver – Iron Ore Holdings subsidiary Nunavut Iron Ore has made an all-cash bid to acquire Baffinland Iron …
Nunavut Rewarded With Exploration Resurgence
VANCOUVER — Ten years ago, when Nunavut was created, the area was witnessing the end of a productive mining era. The zinc mines at Polaris and Nanisivik and the Lupin gold mine had reached the ends o…