Published 12:36 pm Thursday, October 29, 2026 By William Koblensky Varela Local Journalism Initiative Northern News Service Nunavut Tunngavik Inc. and the Qikiqtani Inuit Association will receive advisory fees for their participation in the sale of Baffinland Iron Mines, an Ontario Superior Court document dated Oct. 23 confirms. A participation agreement was signed by the two Inuit organizations on the condition that it remain confidential, the document states. “The participation agreement contains a confidentiality clause and was agreed to by the QIA and NTI on grounds that this agreement would be kept confidential and not form part of the public record,” the court document reads. Exactly how NTI and QIA will participate is confidential, in part due to the agreement containing “commercially sensitive information.” How much in advisory fees the Inuit organizations receive will also not be publicly released. Nunavut Tunngavik and the Qikiqtani Inuit Association now have participation and information rights on Baffinland’s sale following “extensive negotiations” with Baffinland and independent chief restructuring officer William E. Aziz. Aziz, who has the power to approve a sale, will be permitted to attend meetings between the Inuit organizations and Baffinland under his mandate. The Inuit organizations can provide input to Aziz and the court on what they would like to see from the sale. Additionally, the court recognizes NTI and QIA’s “importance and unique position” to Baffinland’s Mary River mine, 160 km south of Pond Inlet, due to the Inuit Impact Benefit Agreement that governs the iron ore extraction operations.
NTI and QIA advising on Baffinland sale
