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Ring of Fire News – 5 Dec 11

  • Noront Resources:  we have a preferred route for year-round access to our proposed Eagle’s Nest mining site.  “…. Paul Semple, chief operating officer with Noront, said …. they have looked at 12 different scenarios that included using roads, trains and hovercrafts, but have since narrowed down the choices. While an environmental review still needs to be completed, he said having a route that will allow them year round access will be incredibly beneficial.  “When we looked at our studies we found a preferred East to West route which comes in from Pickle Lake and comes onto an all season road up to Webequie,” Semple said.  “We follow an existing winter road corridor so we minimize our environmental disturbance.  It’s pretty important to have these roads otherwise you would have a fleet of trucks running two months out of the year and then they would sit idle for the next 10.” ….”  Source
  • Meanwhile, Noront re-announces it has its environmental assessment documents for the Eagle’s Nest project available for public scrutiny.  “Noront Resources Ltd. has released the Notice of Commencement of Terms of Reference.  Noront is continuing with its work for the Environmental Assessment for the Eagle’s Nest Mine Project in northwest Ontario.  Since 2009, Environmental Baseline studies have been conducted around the mineral deposit, at infrastructure sites, and along the access corridor. Noront has also been advancing the engineering of the mine and infrastructure since 2009, incorporating means to protect the environment and support sustainable development.  Draft Terms of Reference (TOR) for the Eagle’s Nest Mine project have been prepared by Noront in compliance with Ontario Ministry of the Environment (MOE) requirements.  The draft TOR is available for review by the public, and copies can be down loaded at www.norontresources.com or www.eaglesnestmine.com  ….”   Source  (Canadian Environmental Assessment Agency documents also available here, here and here)
  • Noront selling shared to raise ~$4M for Ring of Fire work.  “Noront Resources Ltd. is pleased to announce that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate including Raymond James Ltd. under which the Agents have agreed to offer for sale, on a best efforts private placement basis, flow-through common shares (the “Flow-Through Shares”) at a price of $0.86 per Flow-Through Share for gross proceeds of approximately $3,000,000.  In addition, Noront has granted the Agents an over-allotment option (the “Option”) to sell up to an additional $1,000,000 of the Flow-Through Shares sold pursuant to the Offering, at $0.86 per Flow-Through Share, exercisable at any time prior to 48 hours before the Closing Date of the Offering …. The gross proceeds from the sale of the Flow-Through Shares will be used for Canadian Exploration Expenses (“CEE”), with the Company to use best efforts to qualify such CEE as “flow-through mining expenditures”, to fund ongoing exploration activities on the Company’s McFauld’s Lake project ….”  Source
  • Merry Christmas from Noront to First Nation kids!  “A Toronto-based mining company wants to ensure that 350 children in two remote First Nations near the Ring of Fire mining district have presents for Christmas.  Noront Resources Ltd. in co-operation with the North-South Partnership for Children, is running its third annual Ring of Fire Christmas Fund.  In the past two years the company has raised over $40,000 and has ensured that every child under age 12, both on- and off-reserve in Marten Falls and Webequie has received a wrapped gift ….”  Sourcemore (company news release) – more (company brochure)
  • What Premier Dalton McGuinty had to say about the prospect of Cliffs Natural Resources shipping some less-than-fully-processed chromite straight to China, instead of having it all refined in Ontario:  “…. we’re going to do everything we can together to maximize the benefits for the people of Ontario.  I know where my friend (Ontario NDP leader Andrea Horwath, who asked the question in the Legislature) wants to go on this, and I can’t agree with her in that regard. She would suggest that we put up a wall around our resources sector here in Ontario. The fact of the matter is, we receive raw minerals from other parts of the world. We bring them into our province, we process them here, and we create good jobs here. So that’s not the kind of fight I want to get into with the international community.  Having said that, I again say to my honourable colleague, let us see if we can find a way, all of us together, working with northerners in particular, to ensure that we maximize the benefits of the development of the Ring of Fire for the benefit of all Ontarians ….”  Source (PDF of question & answer exchange from 30 Nov 11 Hansard) – moremore
  • Message from First Nation governance conference in Thunder Bay:  Unity is the key.  “…. “We can’t approach these things fractured,” said Elijah Harper, a former member of both provincial and federal parliament in northern Manitoba.  Harper was one of several speakers at the two-day First Nations Strategy for the Ring of Fire forum hosted by the National Centre for First Nations Governance at the Victoria Inn Tuesday.  “There’s a confusion of how to work together; that’s the problem – where to begin,” said Harper. “People are at different stages of speaking with the mining companies. “  Not only does there need to be collaboration on how to move forward with mining development, but also on how to deal with Aboriginal and treaty rights.  Harper said people need to be properly advised so they can make informed decisions in respect to development; so they know what impacts it may have on their traditional territory.  “They have to be addressed with the mining companies and also to stress that the federal and provincial government have a responsibility to ensure consultation happens,” he said.  Harper believes it is possible for the communities to work together as they have a common vision – they want to benefit from the Ring of Fire activity.  “That’s the ultimate goal – to achieve a good future for the First Nations and for generations to come,” he said.  The aim of the conference was to show First Nations what it takes to organize a legal and political strategy to get the most out of negotiations with government and industry.  The forum was also to educate Aboriginal people about their rights and the legal obligations of the federal and provincial governments, specifically regarding resource use and the Ring of Fire ….”  Source
  • Op-ed attributed to Nishnawbe Aski Nation Grand Chief Stan Beardy on why he’s against the Far North Act:  First Nations don’t have the final say.  “…. The core elements of every land use plan are subject to a provincial veto which is in complete denial of a standard that is being recognized internationally, that is, the right for First Nations to provide free, prior and informed consent. Canada and Ontario still have yet to catch up to this standard ….”  Source
  • The Wasaya Group is teaming up with other businesses to help service the Ring of Fire.  “…. This fall, the Thunder Bay-based Native venture corporation announced joint ventures with a major Northern contractor and a Sioux Lookout trucking company.  Wasaya has struck business partnerships with Dowland Contracting of Inuvik, N.W.T. and Morgan Transfer of Sioux Lookout.  Dowland business development director Martin Landry said the company has delivered more than $1 billion in mine and power line developments as well as hospital and school projects in Canada and Alaska since its inception 30 years ago.  The new venture, Wasaya Dowland Contracting, will provide construction expertise to Wasaya with future training and apprenticeship programs stemming from the relationship.  “Wasaya Dowland Contracting will undertake large construction initiatives through the industrial, commercial and institutional sectors,” said Landry. “The company will be available to serve the Ring of Fire should they require our industrial capacity” ….” Source

More open source information (excerpts from information monitored 1 Nov-5 Dec 11 (PDF) here.  All information shared here in accordance with the Fair Dealing provisions (§29) of the Copyright Act.  We’re not responsible for the accuracy of the source material, and inclusion of material doesn’t mean endorsement.

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