• Baffinland asks judge to allow sale of assets to avoid mine closure

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-10-05 20:07:08.0
  Tags: [National, Mining, Economy, Resources, Labour, Indigenous]

  Debt-stricken Baffinland Iron Mines Corp. has asked the Ontario Superior Court of Justice to approve the sale of its shares, assets, or the Mary River Mine on northern Baffin Island to prevent liquidation and mine closure. As of May 14, the company owed $2.6 billion to 231 creditors—including a dozen northern businesses and organizations—following creditor protection granted in May and a subsequent $660-million loan from federal Export Development Canada. The company's financial crisis was partly driven by spending more than $1.5 billion on its failed Phase 2 railway expansion proposal, which was rejected by the federal government after opposition from north Baffin communities. The potential liquidation threatens the loss of over 1,200 jobs at one of Nunavut's largest private sector employers, with a court appearance scheduled before an Ontario judge.

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• Tree planting project creating positive opportunities in Wekweètì, says chief

  Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
  Date: 2026-09-02 15:36:49.0
  Tags: [National, Environment, Climate, Resources, Indigenous, Labour]

  The Tłįchǫ Government is advancing a regional reforestation initiative to plant 13 million black and white spruce trees across the Tłįchǫ region by 2030, backed by federal funding and implemented with the help of the contractor Let's Plant Trees. In Wekweètì, Northwest Territories, a crew of approximately 45 people flew in to plant 425,000 seedlings over a two-week period following wildfire damage. The project is injecting between $100,000 and $150,000 directly into the local economy through community culture camp rentals, boat transport, and bear guarding services, while providing daily piece-rate wages ranging from $250 to $700 for local workers.

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