Sept.21.2012. Baffinland Iron Ore Mines Receives Positive Recommendation

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On September 14, 2012, the Nunavut Impact Review Board (NIRB) filed a positive recommendation with the Minister of Aboriginal Affairs and Northern Development Canada, allowing the Mary River Project to proceed to the regulatory/permitting stage. This positive recommendation is the culmination of over four years of working with the Nunavut Impact Review Board (NIRB) to reach this milestone.  While the recommendation is positive news, a significant amount of work still lies ahead in order to have all permits, leases, and authorizations required for the project. The Minister’s responsibility now is to accept or reject the NIRB recommendation. If the Minister recommends that the project proceed, there are still a number of steps to go before the NIRB issues a project certificate, allowing for Baffinland to complete the permitting process, which in anticipated to be in early 2013. Media Enquiries Gregory Missal Head of Corporate Affairs +416-814-3164