CRU
December 1, 2023
CRU: Baffinland allowed to increase iron ore shipments
Written by Aaron Kearney-Keaveny
The Canadian government has given ArcelorMittal-linked Baffinland Iron Mines permission to dispatch up to 6 million metric tons per year from its Mary River mine in Nunavut territory, higher than the 4.2 million metric tons per year previously permitted.
The approval from northern affairs minister Dan Vandal allows Baffinland to make the extra shipments if unexpected circumstances mean ore is stockpiled at Milne Inlet from the previous year, local media reported. Last year heavy ice put an early end to shipping and some ore was left at the port on the northern tip of Baffin Island.
