Baffinland Iron Mines restructuring

Press Release

Premier John Main and Community Services Minister Craig Simailak today issued the following statement:

“Today, the government learned that Baffinland Iron Mines Corporation (BIMC) is undergoing court-supervised restructuring under the protection of the Companies’ Creditors Arrangements Act.

We are assured that Baffinland’s operations will continue as normal for the time being, and that the firm will honour its agreement with the Qikiqtani Inuit Association.

Our top priority is protecting the livelihood and wellbeing of the hundreds of Nunavummiut employed at Baffinland, which is a major employer in the territory and contributor to the economy. The government wants to see the mine continue to operate well into the future, and we will continue to monitor the situation.”

Contact

Joanna Awa
Press Secretary
Office of Premier John Main
867-975-5059
jawa7@gov.nu.ca

ILR4