ArcelorMittal’s Canadian iron ore project to start mining in Q3

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.