Posted on February 4, 2026
Canada Approves Construction of an Arctic Mineral Port with a Railway on Baffin Island-
At a time when Canada is prioritizing development of Arctic infrastructure, a new port and railway project in Baffin Island has received construction approval.
The Steensby Railway project is a critical component of production expansion at the Mary River iron ore mine on northern Baffin Island.
The iron ore mine is one of the northernmost mines in the world. Notably, Mary River is the world’s highest-grade direct-ship (run-of-mine) iron ore development.
Last week, the operator of the Mary River mine, Baffinland, announced that consultations with the local community of Inuit had been completed. The Inuit supported the issuance of key regulatory licenses required for the Steensby project to begin.
“With over a decade of experience in operating the High Arctic, we are moving ahead with the Steensby component,” said Jowdat Waheed, acting CEO of Baffinland. “Negotiations for the financing package are at a very advanced stage, and as soon as it is complete, construction will commence.”
Baffinland wants to build a 149-kilometre railway connecting the Mary River mine to Steensby port.
The federal government has expressed support for the project as it aligns with the vision to develop Canada’s northern economy and supply of critical minerals.
The project construction is expected to begin later in 2026 and take three years to complete.
The project is estimated to cost around $3 billion.
Full Article- https://lnkd.in/dB9W6kWT
