Development of the Mary River Mine Building Capacity Whitehorse, - - PowerPoint PPT Presentation

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Development of the Mary River Mine Building Capacity Whitehorse, - - PowerPoint PPT Presentation

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Development of the Mary River Mine Building Capacity Whitehorse, September 2014 Located at Mary River, North Baffin Island, 1000 km north west of Iqaluit, 160 km south of Pond Inlet The property is comprised of more than nine known high

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Development of the Mary River Mine – Building Capacity

Whitehorse, September 2014

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2 Confidential

The property is comprised of more than nine known high grade iron ore deposits at Mary River

Located at Mary River, North Baffin Island, 1000 km north west of Iqaluit, 160 km south of Pond Inlet

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Mary River Project

  • One of the best undeveloped iron ore projects in the

world

  • Phased development strategy critical to prudent,

reduced-risk development

  • High grade ore ensures low operating cost
  • Formative event for high arctic development – will

establish Canadian presence and sovereignty in Arctic shipping lanes

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Baffinland’s shareholders are committed to the successful development of the Mary River Iron Ore Project

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ArcelorMittal (50%)

  • World’s largest producer of steel

products, soon to be Canada’s largest producer of iron ore through the expansion of its Quebec Cartier mining

  • perations and the fourth largest iron
  • re producer in the world
  • Substantial presence in Canada and

employs 10,600 in its Dofasco Steel and Quebec Cartier Mines operations

  • Timely development of the Mary River

Project is central to its growth strategy to feed the European and Asian market demand for iron ore

  • Responsible for design, construction,
  • perations and marketing

Nunavut Iron Ore LP (50%)

  • NIO and its affiliates are a group of

international investors that collectively hold a 50% interest in Baffinland under the management of The Energy & Minerals Group (EMG)

  • EMG is a private investment firm with a

family of funds with over US$5 billion under its management that invest in the energy and minerals sectors

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We are committed to conducting business in accordance with principles of sustainable corporate responsibility

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Health and Safety Environment Investing in our Communities Transparent Governance Corporate Responsibility Policy

  • Operate safely, with

fiscal responsibility

  • Protect the environment
  • Create authentic

relationships Our responsibilities We expect everyone to demonstrate a personal commitment to this policy

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Activities at Site

  • Site activity construction commenced in May 2013
  • Aug 2014 - 520 people at Mary River site and Milne Port site
  • 130 Inuit (5 North Baffin communities & Iqaluit)
  • 2013 Sealift: 9 cargo ships + 2 fuel vessels (Aug to Oct)
  • 2014 Sealift; 7 cargo + 2 International special loads + 2 fuel
  • Fuel storage capacity at Milne 46 Million litres - diesel
  • Extensive ongoing environmental monitoring and data

collection

  • Construction to continue through 2014 and into 2015, but

mining production starts in Q3 of this year!

  • First ore shipment to occur in the 2015 open water season

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Mary River Aerial View with Deposit 1 in background 2012

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Baffinland team at the final hearings, Iqaluit

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Final hearings for Mary River Project – Extensive Public Participation

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Signing of the IIBA and Commercial Production Lease September 2013

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Loading steel and equipment on sealift 2013 Sealift

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Milne Port 2013 Sealift

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777 – Haul truck 2013 Sealift

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Milne Inlet July 2014

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Initial Dock Construction with Silt Fence August 2014

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737 service at Mary River – Kitchener Waterloo via Iqaluit

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500,000L Diesel Tank Arriving at the Mine Site

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Emergency Response Building – Mine Site

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New bridges along Tote Road Winter 2013/14

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Mary River Camp late 2013

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8000 foot ice-strip constructed winter 2013/14 Use during land strip upgraded

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Mary River Camp near the base of Deposit #1, March 2014

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Building Capacity – Changing Lives

  • Major resource projects have the ability to create choices for

many individuals, families, and communities. (e.g. Voisey’s Bay, Diavik, , Ekati)

  • Impact Benefit Agreements are now an industry norm but

continue to evolve and improve.

  • Provides a framework for reconciling the rights and interests of both

parties

  • Benefits can vary depending on the nature of project (training, jobs,

contracts, etc.)

  • Provide opportunities that would not be available otherwise.
  • Provide public understanding of the joint commitment of both partners.
  • Provides confidence for work to commence and opportunities to begin

to be developed.

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Three pillars to build on

  • Training – Identify needs and existing skill levels-local workforce
  • Are people ready for the opportunities and their implications? (Work

Ready Training)

  • IIBA identifies training priorities and funding
  • Identify other funding – Gov. programs, Aboriginal Orgs, etc.
  • Employment – Priority to local recruitment
  • Work with individuals to identify skills and interests
  • On the job training to promote roles within company
  • Construction roles can transfer to long-term roles during operations
  • Contracting – Priority to Aboriginal business
  • Creating opportunity for businesses and JVs to be created
  • Existing businesses can take advantage of opportunities
  • Revenue streams can be used to pursue initiatives unrelated to the

Project

  • All contracts require Aboriginal content plans

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Unique in–house developed program

Work Ready Training

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Work Ready Program – Building the Local Workforce

  • 13 programs in 5 North Baffin Communities – approx. 300 graduates.
  • Program’s focus:
  • Challenges of rotational work
  • Personal finances, banking, budgeting
  • Family stresses and how to manage them
  • Course had partners attend to ensure an understanding of challenges
  • One observer noted that young participants learned not only that they

have to do a good job on site, but they have to take care of other things in their lives, such as paying the bills. Budgeting activities have led some couples to re-assess how they have been spending their money.

  • One participant who attended the program said “I now have better

communications with my husband.”

  • One Baffinland Community Liaison Officer noted that people in his

community are proud of what they’ve accomplished. He said “Before the program, people went around with their heads down. Once they took the program, they were smiling more and held their heads up.”

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Worker at Mary River

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Site Services Worker – Mary River

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Collecting environmental data at the Mary River Project

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Site Supervisor at Mary River

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Shipboard Monitors

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Local Inuit monitors trained to

  • bserve marine mammals
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Bruce Head Monitoring Program

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Local knowledge and science working together

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Community Wellness

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Monthly Public Awareness Campaign In local newspaper

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Northern Affairs Manager Baffinland Community Liaison Officers

Community Involvement