Mary River iron ore project investment cut
Jan 14, 2013 | 11:33 AM
| Stacy Irish
NEW YORK Canadian iron ore development company Baffinland Iron Mines Corp. has scaled back its investment plans for the Mary River project because of lower steel prices and rising borrowing costs.
"In the current global financial environment, the large development capital cost for the Mary River project is difficult to finance," Erik Madson, Baffinlands vice president of sustainable development, said in a letter to the Nunavut Impact Review Board.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.