Baffinland Iron Mines
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ale of politics, an and interim o Andrew Pelis
T
he story of the Mary River iron ore deposits is a compelling tale of national pride, split opinions and fluctuating prices, with a splash of political intrigue. For these reasons, the high-grade iron ore reserves remain undeveloped, nearly a half century after they were first discovered by Murray Watts and Ron Sheardown. After much procrastination, that may finally be about to change as the site is now in the ownership of Baffinland Iron Mines. As Richard “Bo� McCloskey, chairman of the board and interim CEO and president, can testify, the desire to begin mining still has several more hurdles to clear, not least of which is the need to secure $4 billion of extra funding. Toronto-based Baffinland Iron Mines Corporation is focused on its 100 percent owned Mary River iron ore deposits located about 160 kilometers south of Pond Inlet, Baffin Island, Nunavut Territory, Canada.
DECEMBER 10 www.bus-ex.com
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