Baffinland is a Canadian mining company led by an experienced management team who have amassed specialty experience on northern mining projects through all phases of consultation, permitting, construction and operation. Baffinland’s engineering and environmental teams also have a wealth of Arctic development experience.
At Baffinland, a large part of our company works and live beyond the Arctic Circle, mining iron ore at our Mary River Property, located in the Qikiqtani Region of Nunavut on Baffin Island, Canada; one of the world’s most captivating and seldom seen destinations.
Baffinland is owned 50 % by ArcelorMittal and 50 % by Iron Ore Holdings (IOH), with ArcelorMittal remaining as Project operator. Baffinland’s Head Office is located in Oakville, Ontario, Canada and it Northern Headquarters are located in Iqaluit, Nuanvut.
In addition to its Head Office, Baffinland is nearing completion of the construction phase and maintains a year-round presence at Mary River and Milne Inlet as well as having community liaison offices in
Arctic Bay, Clyde River, Hall Beach, Igloolik, Iqaluit and Pond Inlet.
Mary River Property
Baffinland is focused on the exploration and development of the Mary River Property, located at approximately 72 degrees north by 79 degrees west on Baffin Island. This iron ore project involves the construction and development of an open pit mine. The Mary River Project consists of nine high-grade lump and fine iron ore deposits that can be mined, crushed and screened and then shipped directly to markets.
Wealth generating potential
The Baffinland vision is to safely and efficiently identify and develop resources within Baffin Island, unlocking their wealth-generating potential to the benefit of all stakeholders.
The Mary River Project will contribute to the development of infrastructure, skills training, and employment and business opportunities for the people of Nunavut. The Project will also provide revenues to Inuit birthright corporations Nunavut Tunngavik Inc. (“NTI”) and the Qikiqtani Inuit Association (“QIA”) as well as to the Government of Nunavut. The development of the Project is consistent with the Nunavut Planning Commission’s broad planning principles, policies and goals, as well as the Nunavut Exploration and Mining Strategy. Baffinland is committed to careful stewardship of the environment, enriching communities around us, and caring for the health and well-being of our employees, contractors, and the people who live in the neighboring region.
Baffinland Iron Mines Corporation (Baffinland)’s initial Project consisted of mining iron ore from the reserve at Deposit No. 1 at a production rate of 18 Million tonnes per year (Mt/a). The Nunavut Impact Review Board (NIRB) issued the Project Certificate for this Project on December 28, 2012.
On January 13, 2013, Baffinland informed the Nunavut Impact Review Board (NIRB or Board) that, due to various business drivers, Baffinland was proposing to make changes to the schedule and specific activities in the initial stages of the development associated with the Mary River Project (File No. 08MN053). Baffinland noted it understood that this Project amendment request would potentially necessitate a reconsideration of the Terms and Conditions contained within Project Certificate No. 005 as issued by the NIRB on December 28, 2012 for the Mary River Project.
The proposed changes to the schedule and specific activities, defined as the Early Revenue Phase (ERP), consists of; the shipping of up to 3.5 Mtpa ore via Milne Port, road transport of iron ore from the Mine Site to Milne Port via the Tote Road, and the deferral of the full scale development of the Approved Project (18 Mtpa production, with railway link to Steensby Port and the development of Steensby Port).
The Company has currently initiated a request for an amendment to its permit to allow for expanded shipments of ore through the northern route. This does not affect the schedule of the Early Revenue Phase which is on time for first iron ore shipment in open water season.
Baffinland is committed to building and operating the Mary River Mine in an environmentally and socially responsible manner that will benefit all stakeholders. Particular consideration will be given to the Inuit of the North Baffin region as the project is successfully developed. Our approach is one of caring, hard work, innovation, reliability and teamwork.