1. Baffinland Iron Mines Mary River Project November 2011 Community Round-Table Igloolik and Pond Inlet

2. Introduction Our objectives Who we are Assessment Process The project Key Issues Commitments

3. What We Plan to Do…. Develop a project that provides: Co-management with Inuit land-owners A model for environmental protection A safe work environment for all Significant benefits to Inuit, local businesses and governments New and unique Infrastructure – railroad in the Arctic A clear signal of Canada’s sovereignty over the north

4. Who we are: ArcelorMittal ArcelorMittal is the largest steel company in the world, producing nearly 10% of the world’s steel, with operations in 60 countries, including Canada.

5. A Few of our People….. Phil du Toit: AcelorMittal Executive Vice-President Mining Exploration and Projects Tom Paddon: President and CEO Baffinland Iron Mines Ron Hampton: VP and Project Director Erik Madsen: VP Sustainability, Health and Safety and Environment Michael Anderson: VP Operations Greg Missal: VP Corporate Affairs

6. Mary River Project An open pit mine with Projected mine life of 21 years – No tailings; high grade ore Mining, ore crushing and screening, rail transport, port operations and marine shipping to global markets Camps Rail road system A port for large ships

7. The Mine The Site 2,500 metre strike length

8. The Camps

9. Rail Corridor

10. Port and Shipping

11. Community Engagement and Consultations Community Meetings and Workshops Meetings with HTOs and Hamlet leaders Community Liaison Officers Development and use of Inuit Qaujimajatuqangit Site Visits

12. The Environmental Assessment Process A Critical Planning Tool Numerous steps completed – Final Guidelines – Draft Environmental Impact Statement – Review – In mid-October - Technical review meetings One part of the overall regulatory process We are now developing a Final Environmental Impact Statement for review and decision

13. What we considered... Land, air, sea Fish and wildlife The local economy, people and culture At the technical meetings in mid-October each area was discussed in detail

14. What we found…. With mitigation already planned the project will not seriously effect the environment or wildlife Overall positive effects for socio-economic Monitoring and adjusting as we learn will be important

15. Commitments Baffinland project details contain many commitments The Inuit Impact and Benefits Agreement – a way to work together Over past months worked with QIA and agencies to resolve many issues At the Technical Meetings Baffinland made over 350 additional commitments Some very specific requests and some more general – most asking for more detail

16. Key Issues Do we know enough? – Is there enough information: do we understand the current environment – Have alternatives been adequately addressed What will we do if problems arise? – What are the monitoring and mitigation plans – Are we ready for emergencies

17. What we do know: – Inuit Qaujimaningit (IQ) – Scientific studies Uncertainty Alternatives analysis Do we know enough?

18. Commitments to Monitoring Begin to work together to build monitoring programs and identify what we can do to minimize any effect – Begin right away – this coming winter – Consult with communities: November 24, 25 in Igloolik – Develop guides for ongoing monitoring programs Next Steps – Plan monitoring during sea-lift operations during 2012 – Continue to monitor through the 4 year construction phase – On-going monitoring program through operations – Adjust as needed

19. And we are prepared to adapt…. Measure, consult, learn and adjust on a continual basis Prepared for emergencies – training and practice

20. Commitments to Implementing adaptive management and continuous improvement PolicyPlanning Operation and Implementation Checking and Corrective Action Management Review Processes Baffinland’s Environment Health and Safety Framework Monitoring Community Engagement in all phases Precautionary Principle integrated into the fabric of this management approach

21. EIS Organization, Alternatives Better describe project alternatives and reasoning behind choices Improve document navigation Provide a plain language summary More details on marine security

22. Marine, Wildlife, Shipping Include assessment bearded seal and thick billed murres Develop a model for ballast water dispersal Include consideration of benthic species and fin fish for habitat compensation Extend assessment into Davis Strait and Northern Labrador Sea Re analyse sea ice using newly available ice information Use new data for polar bears Provide more detail on characteristics of shipping More analysis of marine birds

23. Socio-Economic, Culture Implement supportive human resources practices in all aspects of employment Ensure archeological sites are properly handled Engage other agencies to seek ways to work together

24. Air Quality, Noise and Vibration Update the emission data Limit noise disturbance near National Parks Consider potential air quality effects due to ship emissions

25. Land; Birds; Caribou More detail on rail road design related to caribou crossing protection More detail on proper disposal of food (avoid attracting wildlife) Implement caribou protection measures with respect to calving grounds Re-assess islands and sea-ice as caribou habitat

26. Freshwater, fish Update surface water and sediment quality data with 2011 data and reassess Update and provide more detail in the wastewater management plans More detail on drainage from waste rock Develop fish compensation plans

27. Cumulative Effects Consider the noise from two passing ore carriers Re evaluate cumulative effects on caribou Consider a doubling of ballast water discharge in cumulative effects assessment

28. Management Plans All management plans will be updated with detail appropriate for this phase in the project planning Focus on – Emergency Response Plans – Waste management plans

29. Commitment to Inuit Engagement An Executive Committee to oversee the implementation of the IIBA A Management Committee Inform and involve your communities in the project Actively work with other agencies to address local and regional issues

30. Final Thoughts…… The Mary River Project will generate : – Training, employment, and business opportunities for Inuit. – A comprehensive IIBA with QIA – Social, political and economic growth for Nunavut.

31. Qujannamiik Thank You