Canada-based Baffinland Iron Mines Corporation (Baffinland) has announced that it has received the final regulatory approval to begin the first phase of extraction of
iron ore in the Mary River project.
Baffinland, 50 percent owned by global steel giant
ArcelorMittal and 50 percent owned by Nunavut
Iron Ore, Inc., expects first
iron ore production in the third quarter of the current year, with first shipment expected in 2015.