Company asking court to approve loan from Export Development Canada, which would keep operations going through shipping season
Baffinland could soon run out of money if it doesn’t get a loan. Celeste van Tonder, the company’s chief financial officer, laid out the company’s situation Wednesday in a sworn affidavit.
Company’s total debt is $2.6B, twice as big as initially reported, according to court-ordered creditors list
Funding part of Canadian policy aimed at creating jobs and improving local industry
ᓄᓘᔭᕐᓂ ᓴᕕᕋᔭᒃᓴᒧᑦ ᐅᔭᕋᖕᓂᐊᕐᕕᒃ ᓄᖅᑲᖅᑎᑦᑎᑐᐃᓐᓇᕆᐊᖃᖅᐳᑦ ᐊᐅᓚᑕᐅᓂᖏᓐᓂ, ᑲᒻᐸᓂ ᐅᖃᖅᐳᖅ ᐃᖅᑲᖅᑐᐃᕕᖕᒥ ᑐᖅᑯᖅᑕᐅᓯᒪᔪᓂᑦ
Mary River mine operator has enough liquidity to continue operating through June 5
Company that operates iron mine seeks creditor protection for more than $1B in debt
The Nunavik Mineral Exploration Fund’s mining workshop in Kuujjuaq ends Friday
Additional $5 million to support low-carbon heating pilot project
Mary River iron mine might have to cease operations, company says in court filings
Staff have been without new contract for more than a year
Wind turbine, paid for by Ottawa, to cover half of the mine’s future energy consumption
Nunavut premier, community services minister say they want to protect the ‘livelihood and well-being of Nunavummiut’
Nunavut Impact Review Board accepts revised impact statement for 230km road, deepwater port on Arctic coast
Materials expected to be shipped north ahead of fall opening
Volatility in fuel price and supply has led other airlines to cancel flights, reduce route schedules
Most respondents to city and territory’s finance department support the move
Special section on 50th anniversary of James Bay and Northern Quebec Agreement looks at legacy of Canada’s first modern treaty
Hearing Tuesday seeks public input on the future of cannabis store in Iqaluit
Negotiations for collective agreement have been underway since September
B2Gold CEO says companies have a lot to learn from each other
Remote-operated vehicles, new space for Ampere get funding
Thursday’s fire will reduce production by ‘small amount’ but no injuries reported, CEO says
Local co-op board ‘impressed’ by expansion’s modular design
ᒫᑕᓕᓐ ᒧᐊ ᐸᕐᓇᓯᕗᖅ ᐱᓕᕆᐊᕆᓂᐊᖅᑕᖓᓂ ᒪᐃᒥ
Federal government suspends fuel excise tax; GN announces subsequent shift in fuel prices
