The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 38 of 38
Baffinland Iron Mines Corp. is making considerable progress this summer in its ambitious quest to commence commercial production at the Mary River iron mine project in Nunavut. The company wants to develop an open pit mine on the Mary River property located on North Baffin Island in the Qikiqtani region of Nunavut and recently has been addressing questions regarding the mine's construction, operation, closure and reclamation. Mary River is one of the largest and richest undeveloped iron ore projects in the world, containing...
BIM:TSX Chairman: Richard McCloskey Vice Chairwoman: Daniella Dimitrov Executive Vice President: Michael T. Zurowski - Baffinland owns 100 percent interest of five high-grade iron deposits located about 160 kilometers south of Mittimatalik (Pond Inlet), Nunavut. Known as the Mary River Project, the deposits were identified in the 1960s with most of the initial exploration focused on the No. 1 deposit, which is estimated to contain 356 million metric tons of reserves. Deposits 1, 2 and 3 also contain at least 500 million...
Government and industry officials agree that mining exploration and development in recent years have brought substantial positive change to Nunavut, Canada's newest and least explored territory. Ongoing and new exploration, however, are rapidly advancing understanding of this vast Arctic land's mineral potential. "In this industry, it seems that all of the best and worst of times were compressed into less than two years (between 2008 and 2010)," said Peter Taptuna, minister of Economic Development & Transportation for the Gov...
IQALUIT, Nunavut -Mayors and representatives from six Nunavut communities offered feedback on the effects of mining exploration and development activities in their respective areas during a forum at the 13th annual Nunavut Mining Symposium held April 14 at the Frobisher Inn and Conference Centre. The panel members voiced concerns about potential detrimental effects of mining activities on the environment. "How will the companies make the land like it was before?" asked Mayor Ernie Bernhardt of Kugluktuk, a community in...
No discussion of opening Canada's Far North to mineral resource development could get far without the focus turning to Nunavut, the nation's newest and least-explored territory. At one-fifth the size of Canada, Nunavut contains 1,994,000 million square kilometers, or 770,000 square miles, (nearly three times the size of Texas). Much of the territory is underlain by Archean-aged rocks similar to those found in the most productive geology in Ontario, Quebec, South Africa, Australia, and Brazil. But much of this geology is...
BIM: TSX President and CEO: Gordon A. McCreary Executive Vice President: Michael T. Zurowski Vice President, Operations and COO: Rodney A. Cooper Baffinland owns 100 percent interest in five high-grade iron deposits located approximately 160 kilometers south of Mittimatalik (Pond Inlet), Nunavut. Known as the Mary River Project, the iron deposits were discovered by Murray Watts and Ron Sheardown in 1962, and intensively explored from 1963 to 1965. To date five deposits have been identified with most of the initial...
Mineral-rich Nunavut Territory celebrated its 10th anniversary in 2009 and mining explorers seeking diamonds and precious and base metals brought their drills to the party. The territory, home to only 31,000 people living in 25 small, scattered communities, covers 1.9 million square kilometers, or one fifth the land mass of Canada and dwarfs Alaska by nearly 200,000 square miles. Of the young territory's economic prospects, mineral resource development offers perhaps the most long-term potential. "When I started work in...
As mineral-rich Nunavut Territory celebrates its 10th anniversary, Canadians and others are assessing changes made in the past decade and debating what the future will hold for Canada's newest territory. Nunavut, which means "our land," is a vast, frozen expanse of tundra laced with lakes, inlets and bays in the eastern Arctic. Spanning three time zones, it covers 1.9 million square kilometers, or one fifth the land mass of Canada. It also dwarfs Alaska by nearly 200,000 square miles. The territory is home to only 31,000...
Producing mines Early in 2008, Tahera Diamond Corp., owner and operator of Jericho Diamond Mine - Canada's third, and Nunavut's first diamond mine - filed bankruptcy and sought creditor protection. Tahera opened the Jericho in 2006 and recovered and processed 155,000 metric tons (average grade of 0.79 carats per metric ton) during the fourth quarter of 2007, resulting in production of 122,500 carats valued at US$11.6 million, compared with US$8.4 million in the third quarter of 2007. However, financial losses were reported...
International engineering and project manager AMEC plc said it has won a C$150 million contract from Baffinland Iron Mines Corp. for the C$4.1 billion Mary River Iron Ore Project on Baffin Island, Nunavut Territory. The contract, through which AMEC will provide engineering services, logistics planning, procurement support and construction management services for both the mine facility and export infrastructure, is scheduled to run until 2014, when the proposed Mary River mine is targeted for startup. The high-grade Mary...
Mining exploration appears to be hotter than ever this season in the Northwest Territories and Nunavut, but the Canadian Arctic region's few producers are getting hammered by the strong Canadian dollar. The discrepancy was particularly evident in the territories' mining production. The total value of metal and diamond shipments from the Northwest Territories and Nunavut Territory decreased to C$1.53 billion during the calendar year 2007 for the second consecutive year, down from C$1.63 billion in 2006 and C$1.79 billion in...
Baffinland Iron Mines Corp. Feb. 19 released the results of a definitive feasibility study on its Mary River Project iron ore deposits located on Baffin Island, Nunavut. The study outlined a 20-year mine project based on proven and probable reserves of 160 million metric tons and 205 million metric tons, respectively, and annual shipment of 18 million metric tons of high-grade iron ore (64.7 percent iron) primarily to the European market. A moisture content of two percent and a 75:25 lump-to-fines ratio are assumed and...
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 Baffinland believes that Nunavut could be much more convenient. Of course, it also helps that the Mary River property hosts five high-grade deposits that could yield 10 million metric tons of iron ore per year for 25 years or more....
