Temperatures rise after latest Baffinland twist

Canadian iron ore has been so hot over the past four months that it’s almost smelting itself. If not, the fury invoked by the teaming up of warring bidders for Baffinland Iron on Friday should do the job. When Texas-money backed Nunuvut Iron...

Baffinland share price hints at upper hand for ArcelorMittal

After a hard-fought takeover battle, Baffinland Iron Mines’ share price is implying that ArcelorMittal will emerge the victor, after its offer expires on Monday. The world’s biggest steelmaker’s offer stands at C$1,40 a share for the...

Time ticking on offers for Baffinland

There’s no doubt the Baffinland Iron Mines board has cosied up to ArcelorMittal’s raised bid – it put in place another shareholder rights plan and lifted the break fee – and analysts seem to be sweet on it too. Analysts at Raymond James...

Baffinland Iron seeks partner for Nunavut project

TSX-listed Baffinland Iron Mines is hoping to secure a strategic partner for its $4,1-billion Mary River iron ore project within the next two to three months, chairperson and acting CEO Richard McCloskey said on Tuesday. Baffinland is looking to...

Baffinland mulls ramp-up to 30mt/y at world's most northerly iron-ore mine

Toronto-listed Baffinland Iron Mines plans to complete a scoping study next month into expanding its Mary River iron-ore project to produce an additional 12-million tons a year after the first five years of operation at the mine, the company said...