2018

TSM Performance by Company Baffinland Iron Mines Corporation

Baffinland Iron Mines Corporation (Baffinland) is a Canadian mining company, mining at the operation in the Qikiqtani region of North Baffin, , Canada. At Baffinland, most of our employees work beyond the Arctic Circle, in one of the world’s most captivating and seldom-seen destinations.

ABOUT BAFFINLAND Baffinland is jointly owned by ArcelorMittal and Nunavut Iron Ore. Our head office is located in Oakville, , Canada and our Northern Headquarters are located in , the capital of Nunavut.

We also maintain a year-round presence in the North Baffin communities near our operation, with community liaison offices in , Clyde River, Hall Beach, , and . THE MARY RIVER OPERATION The Mary River Property is located at approximately 72 degrees north by 79 degrees west on Baffin Island and consists of nine high-grade iron ore deposits. We’ve been working on the development of the property and in 2015, we moved into operations. Since then, we’ve been mining Deposit No. 1. Because of the high grade of the iron ore, we simply mine, crush, and screen the ore on site, and then ship it directly to markets – no concentrating or processing needed. That means significantly less impact on the environment than typical iron ore operations. COMMITTED TO THE NORTH Since 1986, we’ve been working to develop the Mary River Property, safely, sustainably, and in accordance with agreements made with birthright corporations Nunavut Tunngavik Inc. (NTI) and the Qikiqtani Inuit Association (QIA), as well as to the Government of Nunavut. We’ve also been regularly collecting and incorporating feedback from the local communities.

TSM Progress Report 66 2018

With our partners, we’ve been contributing to infrastructure developments, skills training, and employment and business opportunities for the people of Nunavut and have been providing revenues to NTI and QIA. BUILDING FOR THE FUTURE Baffinland is committed to building and operating the in an environmentally and socially responsible manner that will benefit all stakeholders. Given the significant wealth-generating potential of the deposits, the benefits are not just our generation, but for generations to come.

 For more information, please visit www.baffinland.com

In 2017, Baffinland shipped an Arctic record 4.1 million tonnes from its Port to markets in Germany, the United Kingdom and Japan.

TSM Progress Report 67 2018

2017 TSM Results Baffinland Iron Mines Corporation

Crisis Management and Communications Planning Assessment

FACILITY PREPAREDNESS REVIEW TRAINING

CORPORATE   

MARY RIVER   

Aboriginal and Community Outreach Assessment

COMMUNITY OF INTEREST (COI) IDENTIFICATION COI RESPONSE MECHANISM

EFFECTIVE COI ENGAGEMENT AND DIALOGUE REPORTING

AAA AAA

AA AA

A A

B B

C C

MARY RIVER

Safety and Health Assessment

COMMITMENTS AND ACCOUNTABILITY MONITORING AND REPORTING

PLANNING AND IMPLEMENTATION PERFORMANCE

TRAINING, BEHAVIOUR AND CULTURE

AAA AAA

AA AA

A A

B B

C C

MARY RIVER

Self-assessed results; first external verification: 2020.

TSM Progress Report 68 2018

Biodiversity Conservation Management Assessment

CORPORATE BIODIVERSITY CONSERVATION POLICY, ACCOUNTABILITY AND COMMUNICATIONS

FACILITY-LEVEL BIODIVERSITY CONSERVATION PLANNING AND IMPLEMENTATION

BIODIVERSITY CONSERVATION REPORTING

AAA AAA

AA AA

A A

B B

C C

MARY RIVER

Energy Use and GHG Emissions Management Assessment

ENERGY USE AND GHG EMISSIONS MANAGEMENT SYSTEMS

ENERGY USE AND GHG EMISSIONS REPORTING SYSTEMS

ENERGY AND GHG EMISSIONS PERFORMANCE TARGETS

AAA AAA

AA AA

A A

B B

C C

MARY RIVER

Self-assessed results; first external verification: 2020.

TSM Progress Report 69