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Nunavut mining company can’t pay back its debts, but iron mine will continue operating for now
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Nunavut mining company can’t pay back its debts, but iron mine will continue operating for now
By William Koblensky Varela, Local Journalism Initiative Reporter, Nunavut News Baffinland Iron Mines, the company responsible for the Mary River iron ore mine south of Pond Inlet, is unable to pay its debts, the company announced on May 15. The mine’s operations will continue as normal for now and the Steensby component expansion project is expected to continue, the company said. A sale of the company is being considered, however. The company c…
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