Development of the Mary River Mine Building Capacity

Transcription

1 Development of the Mary River Mine Building Capacity Whitehorse, September 2014

2 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 grade iron ore deposits at Mary River Confidential 2

3 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 3

4 Baffinland s shareholders are committed to the successful development of the Mary River Iron Ore Project 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 operations and the fourth largest iron ore 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, operations 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 4

5 We are committed to conducting business in accordance with principles of sustainable corporate responsibility Our responsibilities Corporate Responsibility Policy Health and Safety Operate safely, with fiscal responsibility Protect the environment Create authentic relationships Environment Investing in our Communities Transparent Governance We expect everyone to demonstrate a personal commitment to this policy 5

6 Activities at Site Site activity construction commenced in May 2013 Aug 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 6

7 Mary River Aerial View with Deposit 1 in background

8 Baffinland team at the final hearings, Iqaluit 8

9 Final hearings for Mary River Project Extensive Public Participation 9

10 Signing of the IIBA and Commercial Production Lease September

11 Loading steel and equipment on sealift 2013 Sealift 12

12 Milne Port 2013 Sealift 13

13 777 Haul truck 2013 Sealift 14

14 Milne Inlet July

15 Initial Dock Construction with Silt Fence August

16 737 service at Mary River Kitchener Waterloo via Iqaluit 17

17 500,000L Diesel Tank Arriving at the Mine Site 18

18 Emergency Response Building Mine Site 19

19 New bridges along Tote Road Winter 2013/14 20

20 Mary River Camp late

21 8000 foot ice-strip constructed winter 2013/14 Use during land strip upgraded 22

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

23 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. 24

24 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 25

25 Work Ready Training Unique in house developed program 26

26 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. 27

27 Worker at Mary River 28

28 Site Services Worker Mary River 30

29 Collecting environmental data at the Mary River Project 31

30 Site Supervisor at Mary River 32

31 Shipboard Monitors Local Inuit monitors trained to observe marine mammals 33

32 Bruce Head Monitoring Program Local knowledge and science working together 34

33 Community Wellness Monthly Public Awareness Campaign In local newspaper 38

34 Community Involvement Northern Affairs Manager Baffinland Community Liaison Officers 40