ArcelorMittal eyes 30Mt/y Canadian iron-ore output

The world’s biggest steelmaker, ArcelorMittal, has the potential to increase its Canadian iron-ore output to 30-million tons yearly, and will conduct prefeasibility and feasibility studies to this effect, the Luxembourg-based firm said on...

Search for coal leads to Canada's high Arctic

Iron-ore mining on Baffin Island? Child's play. A newly floated company, Canada Coal, is hoping to build a coal mine on Ellesmere Island, the northernmost tip of which is just 800 km from the North Pole. “I firmly believe we have what could be...

Dundee's Cooper to become COO at Labrador Iron

Toronto-based Labrador Iron Mines (LIM) has appointed Dundee Securities mining analyst Rod Cooper as president and COO, the fledgling producer said on Thursday Cooper takes over from Bill Hooley, who will move vice-chairperson.

Baffinland names community relations expert as new chief

Baffinland Iron Mines, which steelmaking behemoth ArcelorMittal and Nunavut Iron acquired in March, has named former Vale Newfoundland and Labrador GM Tom Paddon as its new CEO. He replaces Phil Du Toit, who was ArcelorMittal’s executive...

ArcelorMittal targets updated study by yr-end for Nunavut iron project

Steelmaker ArcelorMittal expects to finish updating a feasibility study for its Baffinland project in Canada's Arctic by the end of this year, followed by a construction decision review by the group's board, head of mining Peter Kukielski said on...

ArcelorMittal to 'vigorously' fight C$800-million class action suit

Steel giant ArcelorMittal said on Thursday it will “vigorously defend” itself against an C$800-million class action suit relating to its takeover of Baffinland Iron Mines earlier this year. London, Ontario-based law firm Siskinds on Tuesday...

Siskinds launches C$800m class action against Baffinland

London, Ontario-based law firm Siskinds on Tuesday launched a class action suit claiming C$800-million from Baffinland Iron Mines and certain directors, forming part of a bidding war for the company, alleging takeover bid documents omitted or...

Mary River road haulage project, Canada

A feasibility study on the road haulage project option on Deposit No 1 of Baffinland Iron Mines’ Mary River project has been completed.

Arcelor, Nunavut take up more Baffinland shares

ArcelorMittal and Nunavut Iron Ore said on Tuesday that they have taken up an additional 4,8-million shares of Baffinland Iron Mines, increasing their joint ownership in the iron-ore explorer to 62%. The world's No. 1 steelmaker and private...

More Baffinland thrills don't seem likely as Arcelor, Nunavut take control

As is often the case with long takeover battles, the acquisition of Baffinland seems finally to be drawing quite anti-climatically to a close. ArcelorMittal and Nunavut Iron now hold 61% of the company – they had to drop their initial...

Clock ticks down on latest Baffinland offer

The latest and currently only takeover offer for Baffinland Iron Mines is scheduled to expire just before midnight Toronto time on Monday, more than four months after the company and its iron-ore project in the Canadian arctic was put into play by...

Ex-Baffinland CEO 'more confident', still sees Chinese interest

Gord McCreary, who resigned from the board of Baffinland Iron Mines in November after the company agreed to support a takeover bid from ArcelorMittal, said at the weekend he is still working to get a better offer on the table. McCreary is focused...