Construction

Construction of the Mary River project is currently expected to commence during the summer of 2010, given timely receipt of the necessary permits and approvals. It will be staged from the future port site at Steensby Inlet, the existing Mary River campsite, and several work camps situated along the corridor of the future rail line. A construction access road will be required between Steensby Inlet and the Mary River site to facilitate rail line construction.

Baffinland intends to seek permission to pre-position equipment and materials to facilitate timely construction. During the summer of 2009, dry cargo and heavy equipment would be positioned near the beach at Steensby Inlet, and fuel barges and barge mounted construction personnel camps would be positioned offshore. Fuel, equipment and materials will also be staged at Milne Inlet. As part of the pre-construction staging, Baffinland would transfer materials and supplies from Milne Inlet to the Mary River campsite using the existing winter road corridor. Should the Mary River project not receive necessary regulatory approvals to proceed to construction, pre-positioned equipment and materials would be demobilized.