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What's up with the biggest thing happening in mining in NW Ontario?

Ring of Fire News – 19 Jan 12

  • Editorial call for more all-season roads into the remote north (and not JUST for the Ring of Fire) following a fatal plane crash near North Spirit Lake.  “…. The accident comes within a week of Aboriginal leaders in Northern Ontario and Manitoba calling on their respective provincial governments to consider speeding up plans to increase the number of all-weather roads to remote, fly-in reserves. It could be money well spent. Economically it could vastly reduce the cost of goods and services on the reserves, along with lessening the need for harrowing wintertime flights into and out of the communities. And it doesn’t necessarily have to be solely on the backs of taxpayers. The roads, which NAN Grand Chief Stan Beardy said should run along the east-west corridor, could also be vital links for the Ring of Fire and other mining projects. Certainly, with billions at stake, the mining companies can be expected to contribute heavily to the construction of the roads, while helping to improve the lives of those whose traditional lands they’ll be developing.”  Source
  • Ring of Fire helping Thunder Bay airport’s business  “2011 was the busiest year ever for Thunder Bay International Airport. The airport hosted 719,500 passengers, eclipsing the 2010 volume of 691,826 which represents a 4% increase year over year. The increased interest in the mining sector, and in particular the “Ring of Fire” appear to be the big factors in the increased growth …. “  Source
  • Rookie Conservative MPP for Nipissing, Vic Fideli, says Ring of Fire one of his big files  “…. the Ring of Fire. I work on this file a lot, because there are approximately 70 mining and manufacturing companies in the riding of Nipissing, and the Ring of Fire is the largest mining opportunity to come our way in a century, so I want to see that Nipissing is positioned well to take advantage of it. I talked to your paper before when I flew into the Ring of Fire. I am one of the rare few politicians who ever set foot in the Ring of Fire. When I flew in, a big smile came into my face when I saw the blue and white tent knowing that they are made in Rutherglen, in our riding at Canadian Tentex. They are responsible for building the town. Then as soon as I got off the helicopter I saw piles of drill rods and knew they were made in Powassan and half a dozen other places in and around North Bay. So this is our place. The Ring of Fire is where we need to be, we need North Bay to be there front and centre. So I spend a lot of time on that file, either mentally or meeting with organizations to move our agenda in that area ….”  Source
  • Ring of Fire Resources Inc. provides update on its projects Source (PDF table)
  • Cliffs Natural Resources Inc. …. announced that its Board of Directors declared a quarterly cash dividend on the Company’s common shares of $0.28 per share. The cash dividend will be payable on March 1, 2012, to shareholders of record as of the close of business on Feb. 15, 2012 ….”  Source
  • Anglo Swiss Resources Inc. announces the grant of 7,000,000 incentive stock options to purchase common shares of the Company at $0.10 per share for five (5) years to directors and officers of the Company. The grants are subject to acceptance by the TSX Venture Exchange. The Company has closed the private placement announced on November 7, 2011. Closing of the second and final tranche was announced on December 29, 2011. About Anglo Swiss: Anglo Swiss Resources Inc. controls a highly-prospective, Canadian precious and base metal exploration property portfolio which includes its flagship 100%-owned Kenville Gold Mine property in southeastern BC, as well as its 100%-owned Lansdowne House, Ring of Fire nickelcopper- PGE project in northwestern Ontario …. ”  Source

More open source information (excerpts from information monitored 1 Dec 11-15 Jan 12 (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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