[SMM Iron & Steel] Baffinland Cleared to Start Steensby Rail for 22 MTPA Expansion

Published: Feb 2, 2026 16:37

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On January 29, 2026, Baffinland Iron Mines announced it has secured all regulatory authorizations to begin construction on the Steensby Component of the Mary River Project in Nunavut, Canada. The expansion involves a new 110 km railway and a deepwater port at Steensby Inlet. Once completed in roughly three years, the project will quadruple the mine’s high-grade (67% Fe) direct-shipping ore capacity from 4.2 MTPA to 22 MTPA, significantly reducing logistics costs and environmental impacts.

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