Nunavut, ArcelorMittal Hike Bids for Baffinland.

Continuing to raise the stakes for the sale of Canada’s Baffinland Iron Mines, Nunavut Iron has upped its offer to 1.45 Canadian dollars ($1.45) per share, Reuters said. The group – backed by U.S. private equity firm Energy & Minerals Group – increased its offer Friday after steel giant ArcelorMittal hiked its bid for Baffinland to $1.40