Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
The Inuit land-claim organization for Nunavut’s Baffin Island region is sounding out on a traditionally hush-hush topic: how much money an aboriginal group receives in its financial deal with a mining company.
The Qikiqtani Inuit Association (QIA) Board of Directors released a version of its Inuit impact and benefit agreement with Baffinland Iron Mines Friday that includes dollar figures for how much has been promised to the QIA.
That includes an advance payment of $5 million and another $5 million after Baffinland received its water licence.
