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By Sarah Hurst
For Mining News 

Iron looks like solid commodity in Nunavut

Baffinland Iron Mines plans to develop five iron ore deposits discovered in 1962, ship to customers in Western Europe

 

Last updated 4/23/2006 at Noon



Nunavut has a reputation for being one of the most remote parts of the world, but for Toronto-based Baffinland Iron Mines, the Canadian Arctic territory's proximity to Europe is one of its biggest selling points. Western Europe currently imports around 50 percent of its iron ore from Brazil, and Baffinland believes that Nunavut could be much more convenient. Of course, it also helps that the Ma...



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