GREY:ADEXF - Post by User
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Brazzoon Sep 26, 2012 4:18am
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Post# 20414518
RE: Feasibility Study Highlights
RE: Feasibility Study Highlights from https://www.nunatsiaqonline.ca/stories/article/65674nunavut_b…:
The Mary River project’s proponent is Baffinland Iron Mines Corp., a subsidiary of the global steel giant Arcelor Mittal. Baffinland proposes the extraction of 21 million tonnes of iron ore a year over 21 years from the Mary River site.
The multi-billion-dollar project would see huge quantities of iron shipped to a port at Steensby Inlet along the first railway ever built north of the treeline in the Canadian Arctic.
From Steensby Inlet, massive 320-metre icebreaking ore vessels would move 12 months of the year through Foxe Basin and Hudson Strait to ports in Europe. Baffinland hopes to begin construction some time in 2013.