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ArcelorMittal, Nunavut Iron team up for successful Baffinland bid

Canadian Mining Journal reports: Almost four months have passed since Toronto-based Nunavut Iron Ore first proposed a takeover of Baffinland Iron Mines, owner of the Mary River iron ore project 160 km south of Mittimatalik (Pond Inlet). Nunavut Iron offered US$0.08 per share, an offer that had the Baffinland board saying "no thanks."
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The top 50 biggest mining companies in the world

Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.