Plans for second Baffin region iron mine underway
Proposed mine is located at Roche Bay near Hall Beach, Nunavut
CBC News
Posted: Aug 15, 2012 8:17 AM CT
Last Updated: Aug 15, 2012 3:47 PM CT
Plans are moving ahead to develop another iron ore mine in the Baffin region of Nunavut.
Advanced Explorations said it has just completed a feasibility study on its Roche Bay project near Hall Beach, Nunavut.
The company is predicting a mine life of about 15 years, producing up to 8 million tonnes of iron ore per year.
"We’re actually quite fortunate in the fact that our project is right adjacent to the ocean, and Roche Bay is actually a natural deep water harbour," said John Gingerich, the company’s president. "So we just need to put port facilities in, but there's no dredging required. It's naturally deep, deep water – just over 50 meters – so, it's very good for that type of logistics."
Plans for the billion-dollar project have yet to be submitted to Nunavut regulators, but the company hopes to have the mine up and running by 2015.
Gingerich said the company is looking at alternative power sources for the mine, such as liquefied natural gas. He said that would keep costs down.
Share Tools
Latest North News Headlines
- 15 cases of Tuberculosis being treated in Nunavik
- There are now 15 cases of active tuberculosis in Salluit, Que. more »
- Search underway for missing Mayo, Yukon man
- RCMP from Whitehorse and Dawson City arrived in Mayo, Yukon Tuesday night to help the local detachment search for a missing man. more »
- Yukon lands opened for exploration bids
- The Yukon Government is opening up 730 square kilometres of land to exploration bids from oil and gas companies. more »
- Bob Rae quits as MP in 'very emotional' decision
- Bob Rae, who has represented the Toronto Centre riding for the Liberals since 2008, is stepping down as a Member of Parliament to devote more time to his work as a negotiator for First Nations in Northern Ontario. more »
Must Watch
Top News Headlines
- Obesity now recognized as a disease
- The American Medical Association has voted to recognize obesity as a disease, while doctors in Canada say they also treat it as such. more »
- Neil Macdonald: Washington's obsession with leakers
- Julian Assange and Edward Snowden are just the most prominent targets in an all-out legal and propaganda campaign that America's security apparatus is mounting against leakers everywhere, Neil Macdonald writes. more »
- Caregiving dads stigmatized at work suggests UofT study
- Fathers who participate in child rearing and housework are likely to be labeled slackers and "failed men" at work, according to a study spearheaded by researchers at the University of Toronto and Long Island University. Are active dads the norm at your workplace? more »
- Dozens of children seized from Manitoba Mennonite community
- Child welfare authorities have removed all but one child from a small Mennonite community in rural Manitoba. more »
- Yellowknife grandma to paddle 2,000 km solo to Nunavut
- Two Yellowknife men arrested after drug search
- Whitehorse Catholic school principal won't return to job
- Northern women sewing for North American moccasin project
- Toddler attacked by sled dogs in Igloolik, Nunavut
- Zama spill site shows brown trees, 3 containment sites
- Yellowknife brew pub location to be moved
- Attempting to capitalize on the cold
- Half of First Nations children live in poverty
