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Baffinland letter to feds sought $125-million loan to avoid mine shutdown; wanted hearings to wind down by shipping season

Citing the impacts of Covid-19 and the virus’s effects on financial markets, Baffinland Iron Mines asked the federal government for a $125-million, low-interest loan on March 31, 2020. “Should government financial aid not be available the (Mary River) project, its employees, and both current and future benefits will be put at imminent risk,” states the […]