Baffinland to terminate 1,100 workers at Mary River iron ore mine
The miner is preparing for two rounds of layoffs to take effect on Sept. 25 and Oct. 11, if it doesn't obtain a permit to continue extracting 6 million tonnes of iron ore a year.
It has received temporary relief in the arbitration proceedings against Rio Tinto, which prevents the mining giant from restricting Turquoise's funding talks.