MINING NEWS: Iron looks like solid commodity in Nunavut
Baffinland Iron Mines plans to develop five iron ore deposits discovered in 1962, ship to customers in Western Europe
For Mining News
Nunavut has a reputation for being one of the most remote parts of the world, but for Toronto-based Baffinland Iron Mines, the Canadian Arctic territory’s proximity to Europe is one of its biggest selling points. Western Europe currently imports around 50 percent of its iron ore from Brazil, and Baf....
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Average grade 67% iron
Resource may be double that indicated in ‘60s
2006 budgeted C$22.6 million
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