Baffinland Iron Mines Corporation operates the Mary River Mine on Baffin Island in Nunavut, Canada, extracting and selling high-grade iron ore. The ore is 66–68% iron, shipped as direct shipping ore after crushing and screening, which avoids ore concentration and tailings ponds and reduces environmental footprint. The mine uses an open-pit system at Mary River and ships ore from a Milne Inlet port via a 100 km tote road. The company, owned by The Energy and Minerals Group and ArcelorMittal, collaborates with European steelmakers to supply low-carbon
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$400M
Headquarters
Oakville, Canada
Founded
1986
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