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Wednesday, January 5, 2011

NEWSMAKER-Nunavut Iron chairman no stranger to dealmaking, (TSE: BIM), (TSE: ABX), (TSE: S), (TSE: CG)

For Bay Street dealmaker Bruce Walter, the takeover battle for Baffinland Iron Mines (BIM.TO) and its huge iron ore deposit in Canada's Arctic isn't exactly unexplored territory. From Barrick Gold's (ABX.TO) Goldstrike mine in Nevada to Sherritt International's (S.TO) Ambatovy nickel project in Madagascar and Centerra Gold's (CG.TO) Kumtor gold mine in Kyrgyzstan, Walter has helped put together some of the biggest mining deals done by Canadian companies in the last 30 years. "He is a very, very, very smart deal-structure guy. He is a very good, very clever strategist," said Ian Delaney, chief executive of Sherritt International, a company that he and Walter took over in a highly publicized proxy battle in 1990.