THE VOICE OF THE CANADIAN

MINING INDUSTRY SINCE 1935

Baffinland Iron Mines Corporation

Jointly owned by The Energy and Minerals Group (majority shareholder) and ArcelorMittal, Baffinland Iron Mines Corporation (Baffinland) is a privately-owned company operating a high-grade iron ore mine located on Baffin Island, approximately 160 km south-southwest of the nearest community of Pond Inlet (Mittimatalik), in the Qikiqtani region of Nunavut, Canada. Unique to Baffinland’s operations is that the high-grade ore can be shipped directly to markets following crushing and screening – no concentrating or processing is needed, and therefore no tailings and very little waste rock are produced. Iron ore, in the form of lump and fines, is then shipped to international markets during a short shipping season (~July 15 to end of October, depending on ice conditions).

Baffinland’s head office is located in Oakville, Ontario and its northern headquarters is located in Iqaluit, Nunavut in Canada. Baffinland also has offices in five North Baffin Communities including Arctic Bay, Clyde River, Sanirajak, Igloolik and Pond Inlet (the nearest community to the Mary River Project).

Baffinland’s Mission, Vision and Values were developed with the Government of Nunavut’s eight Inuit Societal Values in mind, and include:

OUR MISSION

Our mission is to become the lowest-cost producer of high grade iron ore in the world.

OUR VISION

Our vision is to safely and efficiently identify and develop resources within Baffin Island, unlocking their wealth-generating potential.

OUR VALUES

Integrity – Do What is Right, Not What is Easy: Integrity is often defined as doing the right thing even when no one else is around. It is the ability to act with honesty, be consistent, and ethical in whatever it is we are doing. It’s about being accountable, transparent and building trust through communications.

Engage and Develop Our People: An organization where good work is recognized and rewarded. All employees are seen and treated as valued partners. Baffinland will invest in employee’s success and growth through providing tools, training and support needed to unleash their potential. Baffinland will endeavour to become the employer of choice for Inuit in Nunavut.

Respect For All: We will respect and abide by Inuit Societal Values in the workplace and as a manner of doing business. We will strive to provide a healthy and safe workplace, free from physical or psychological bullying, harassment and violence. Violations of respect will be investigated and if substantiated will be dealt with expeditiously. Multiculturalism will be viewed as a strength and promoted. Consideration for people will be first and foremost in all interactions.

Environmental Stewardship: Respect the air, land, water and wildlife as we thoughtfully put to good use the earth’s resources. Always remember that we are guests on this land and treat it respectfully. We will develop it responsibly and be good stewards of the land in concert with Inuit.

Pursue Performance Excellence: We are relentless in challenging ourselves and others to achieve high performance and create lasting socio-economic impacts in all that we do. We focus on improving every day and delivering on commitments. Innovation is seen as a key mechanism to achieve this outcome. Rigor in planning and thoughtful execution is a key strength. Teamwork is necessary for desired outcomes.

For more information, please visit www.baffinland.com.

Externally Verified Results

2019 TSM Results

Baffinland Iron Mines Corporation

Crisis Management and Communications Planning Assessment
Facility Crisis management and communications preparednessReviewTraining
Baffinland Iron Mines Corporation – Corporate
Mary River
Results as of: Jan 22, 2021
Preventing Child and Forced Labour Assessment
Facility PREVENTING FORCED LABOURPREVENTING CHILD LABOUR
Mary River
Results as of: Jan 22, 2021
Note: These requirements are assessed every three years during the external verification.
Aboriginal and Community Outreach Assessment
Community of Interest (COI) identificationEffective COI engagement and dialogueCOI response mechanismReporting
Mary River

AAA

AA

A

B

C

Results as of: Jan 22, 2021
Safety and Health Assessment
Commitments and accountabilityPlanning and implementationTraining, behaviour and cultureMonitoring and reportingPerformance
Mary River

AAA

AA

A

B

C

Results as of: Feb 01, 2021
Biodiversity Conservation Management Assessment
Commitment, accountability and communicationsConservation planning and implementationReporting
Mary River

AAA

AA

A

B

C

Results as of: Jan 22, 2021
Energy and GHG Emissions Management Assessment
Energy use and greenhouse gas emissions managementEnergy use and greenhouse gas emissions reporting systemsEnergy and greenhouse gas emissions performance targets
Mary River

AAA

AA

A

B

C

Results as of: Jan 22, 2021

Letters of Assurance

Baffinland Iron Mines Corporation | 2019 | TSM Letter of Assurance





Historical TSM Results

TSM Results (Latest)

TSM Results 2019 (Externally Verified)

TSM Results 2018

- Before Revision (2021-12-17)

TSM Results 2017

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