The ongoing controversy over a huge iron ore mine in Canada’s Arctic has apparently entered a new, and perhaps final phase this month.
The huge mine operator wants to expand operations and has hinted that if the expansion is not approved, then the mine might be shut down in 2022.
The ‘Baffinland’ Mary River mine site and Milne Inlet port in northern Baffin Island is majority owned by a Texas-based equity firm with the remaining shares owned by European steel giant, ArcelorMittal. After years of exploration, development and lengthy approvals process, it began operations in 2015, shipping some 3.5 million tonnes of ore during the summer open water season, mostly to Europe..
