Baffinland Iron Mines Corporation, a development stage company, engages in the exploration and development of iron ore deposits. It has a 100% interest in 3 mining leases covering approximately 1,600 hectares located in the Mary River area of Baffin Island, Nunavut, Canada. The company is headquartered in Toronto, Canada. As of February 17, 2011, Baffinland Iron Mines Corp. was taken private.