Bloomberg.com reports that Nunavut Iron Ore has raised its’ bid for Baffinland (TSX:BIM), to move past ArcelorMittal(NYSE:MT).

The story is quoted as saying:

Nunavut, a venture formed in August to gain control of Toronto-based Baffinland, is seeking to buy 60 percent of the company. Nunavut “is continuing to assess its options beyond the increase,” Bruce Walter, Nunavut’s chairman, said in a Dec. 31 statement

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