Baffinland plans further expansion at Nunavut’s Mary River: report – Nunatsiaq News

Baffinland plans further expansion at Nunavut’s Mary River: report – Nunatsiaq News

by ahnationtalk on October 14, 202027 Views

14 October 2020

Moody’s report says plans would see up to 18 million tonnes shipped through Milne Inlet

Baffinland Iron Mines Corp. is likely planning a further expansion of its Mary River iron mine that would see iron ore shipments through its Milne Inlet port increase to 18 million tonnes a year.

That information is contained in a credit report on Baffinland, prepared by Moody’s Investors Service, dated June 2020 and obtained by Nunatsiaq News.

“Baffinland plans to expand the Mary River mine to a capacity of 18 Mtpa [18 million metric tons, or tonnes],” says the report, which repeatedly refers to a “Phase 3” expansion.

That’s a larger production figure than that provided to stakeholders and regulators by Baffinland in its current “Phase 2” proposal, which the Nunavut Impact Review Board is still assessing, that is, 12 million tonnes a year.

Read More: https://nunatsiaq.com/stories/article/baffinland-plans-further-expansion-at-nunavuts-mary-river-report/

Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More