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Vol. 11, No. 17 Week of April 23, 2006
Providing coverage of Alaska and Northwest Canada's mineral industry


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

Sarah Hurst

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....

    [additional news subjects in this story]

Average grade 67% iron

Resource may be double that indicated in ‘60s

2006 budgeted C$22.6 million


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