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December 10, 2012

Feds approve Nunavut iron mine

The federal government has approved the Baffinland Mary River Project, a proposed iron ore mine on North Baffin Island in the Qikiqtani Region of Nunavut. The project proposal involves conventional open-pit mining of iron ore at a rate of 18 million tonnes per year over a projected 21-year lifespan, and the construction of a road, a railway, a deep-water port and mine site infrastructure.

The project is expected to operate 12 months of the year.

The project now moves into the project certificate phase, led by the Nunavut Impact Review Board.

The Mary River project is owned and operated by Baffinland Iron Mines Corporation, which is jointly owned by ArcelorMittal and Iron Ore Holdings L.P. The project is situated on north Baffin Island, 160 kilometres south of Pond Inlet, Nunavut.

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