Baffinland Iron Mines Corp., which is more than $1 billion in debt, has had its creditor protection extended from May 25 to June 5, according to Ontario Superior Court of Justice records. (File photo)
Editorials
While mining company goes through restructuring, its fate remains key to territorial economy
Baffinland’s Mary River Mine is a bit like Nunavut’s General Motors — so integral to the territory’s economy that the company’s success goes hand in hand with its fortunes. General Motors has been so closely linked with the U.S.
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ᐃᓅᓱᒃᑐᑦ ᓄᓇᕗᒥ ᐱᓕᕆᐊᖑᕙᒃᑐᓂ ᐱᓕᕆᔨᓂ ᒪᑯᓇᙵᑦ ᐋᓐᓂᖅᑐᓕᕆᓂᕐᒧᑦ ᐱᓕᕆᐊᖃᖃᑦᑕᖅᑐᓂ ᒪᐅᖓ ᐃᕐᓂᓱᒃᓰᓂᕐᒧᑦ
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