TORONTO (Reuters) – Baffinland Iron Mines (BIM.TO: Quote, Profile, Research, Stock Buzz) investors have all but given up hope that the Canadian Arctic iron explorer will attract a second suitor, with the deadline on an existing, C$590 million ($593 million) bid only days away.

Shares of Baffinland have receded to within a penny of the C$1.50 offered last week under a joint bid by ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz) and Nunavut Iron. In the days before the joint bid, the stock had been trading as high as C$1.58.

TORONTO (Reuters) – Developing Canada’s Mary River iron ore deposit, a rich reserve that could supply Europe for years, will test the boundaries of working in the Arctic and could herald the future of global mining.

It has taken 47 years, near-record iron ore prices and a bidding war to get the project to a point where developing a working mine seems like a legitimate possibility.

TORONTO, Jan 18 (Reuters) – Developing Canada’s Mary River
iron ore deposit, a rich reserve that could supply Europe for
years, will test the boundaries of working in the Arctic and
could herald the future of global mining.

It has taken 47 years, near-record iron ore prices and a
bidding war to get the project to a point where developing a
working mine seems like a legitimate possibility.

TORONTO, Jan 14 (Reuters) – Trucking iron ore from
Baffinland’s (BIM.TO: Quote, Profile, Research, Stock Buzz) Arctic mine instead of moving it by rail
would cost much less at first, but the over-the-road option
would slash output and cause operating costs to balloon.

According to a feasibility study released late Thursday,
trucking ore from the huge Mary River mine to a coastal port
would cost about C$740 million ($744.7 million) compared with
C$4 billion to use a railway system.

TORONTO, Jan 13 (Reuters) – The combination of Lundin
Mining (LUN.TO: Quote, Profile, Research, Stock Buzz) and Inmet Mining (IMN.TO: Quote, Profile, Research, Stock Buzz) will create a new
Canadian copper miner with the heft to compete effectively
against the industry’s giants as the global recovery gains
traction.

The deal, announced after market close on Wednesday, will
create Symterra Corp, 52.6 percent owned by Inmet shareholders
and led by Inmet Chief Executive Jochen Tilk.