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Ring of Fire News – January 25, 2013

  • New boss for Noront  “Noront Resources Ltd. announced …. that its board of directors received the resignation of Wes Hanson as President, Chief Executive Officer and a Director of Noront. The Board has appointed Paul Parisotto to act as interim President and Chief Executive Officer and has begun a search to identify a permanent President and Chief Executive Officer. Ted Bassett has been appointed lead director during the period of Mr. Parisotto’s appointment as interim President and Chief Executive Officer.  “On behalf of the Board of Directors, I would like to thank Wes for his efforts and dedication at Noront over the past three years, and in particular, for leading the completion of a positive feasibility study in September 2012 of our Eagle’s Nest Project in the Ring of Fire. This puts the Company in a good position as it transitions into development with a focus on the financing and development of the Project and related infrastructure. All of us at Noront wish Mr. Hanson the best in his future endeavours” stated Paul Parisotto, Chairman of the Board of Directors.  Mr. Hanson has agreed to continue to be available as a consultant to Noront ….”  Source 
  • “Fort William First Nation’s chief says his community is involved in preliminary talks with  a mining company to bring a chromite processing plant to this area.  Chief Peter Collins has met with officials with Noront Resources Ltd. to discuss the possibility of a processing plant.  Although the project is still in its early stages, the proposed plant is expected to take up 300-megawatt of power, which would put more strain on the Thunder Bay Generating Station. The project’s power needs was brought to the attention of Ontario’s Energy Minister Chris Bentley when he met with the Energy Task Force in Thunder Bay last week.  “We’ve been in early discussions with Noront and right now it is still a work in progress,” Collins said Friday.  “If this does come to reality we would like ownership within the plant, and we made no bones about it. Jobs are also part of the discussions.”  He said the processing plant that Noront is looking for will be smaller than a third in size to the one that Cliffs Natural Resources is expected to build.  Fort William First Nation had discussed the possibility of hosting that processing plant, but Collins said that was managed as a joint effort with many communities in the district.  The discussions with Noront are exclusively between the company and Fort William First Nation.  “It’s still early and Thunder Bay is our partner and I truly believe the partnership we have is a step forward for all of us,” he said ….”  Source
  • Cliffs Natural Resources Inc. announced that it will incur a $1 billion charge in the fourth quarter of 2012 related to the acquisition of Consolidated Thompson Iron Mines Ltd. It will be recorded as a goodwill impairment charge and as a non-cash expense for the year ended December 31, 2012.  Cliffs expects to incur the charge due to the project’s lower long-term volumes and higher capital and operating costs. Delay in the Phase II expansion of the Bloom Lake mine also led to the impairment. Cliffs also expects to incur $100 million to $150 million in other charges related to its Eastern Canadian iron ore business.  Cliffs also stated that it will record $542 million in valuation allowances in the fourth quarter related to two deferred tax assets. The allowances are based on lower long-term pricing assumptions and the related effects on profitability and expected future tax payments ….”  Sourcemore (company news release)
  • First Nation on former Chief now president of the PDAC:  he doesn’t speak for us, thanks  “Regarding an article published in the National Post January 8, 2013 where Glenn Nolan, a former Chief of the Missanabie Cree First Nation made comments regarding key First Nations issues and resource revenue sharing, current Chief Kim Rainville issues the following statement:  Let it be known that the support from the Missanabie Cree First Nation council and community have been instrumental in Mr. Nolan achieving his professional goals. Being the president of the Prospector’s and Developers Association of Canada (PDAC) as well as an executive of a junior mining company embroiled in the Ring of Fire development, it would make it very difficult for Mr. Nolan to express support for such a significant movement as “Idle No More”. Mr. Nolan’s opinions do not reflect the belief of the Missanabie Cree First Nation regarding the actions taken by Attawapiskat’s Chief Spence or support of the Idle No More movement ….”  Sourcemore (original article quoting Nolan)
  • “Jurisdiction was one of the topics discussed during a Ministry of Natural Resources Planning Together workshop held from Jan. 14-18 in Thunder Bay.  The workshop was held to provide space for First Nations to advise the provincial government on its Far North Land Use Planning Initiative.  “If we never surrendered our lands, they still belong to us,” said Constance Lake Chief Roger Wesley. “We signed treaties to use those lands, to share those lands. We never ceded title.”  Wesley said jurisdiction is a term that has been touted and misused for the past century.  “We were still trying to share,” Wesley said. “Some foreign party came in and started throwing that term around, stating that it is theirs, it’s their jurisdiction. It’s never a term that is in the Cree language, as far as I know. Because we never had jurisdiction; we had inherent title since the beginning of time. Jurisdiction means nothing to Constance Lake. We know where our lands are and we know who the true titleholders are. It’s not me; it’s my people.”  Webequie’s Roy Spence said jurisdiction is a big issue in his community’s territory.  “Our people believe in treaties, we believe in inherent rights, we believe in who (we) are and they believe that they are the holders of the title (to) the lands and resources,” Spence said.  Shared territories were also discussed during a Jan. 17 panel discussion on how shared areas were traditionally identified and managed by families and communities. The panel featured Wesley, Spence, Wawakapewin’s Simon Frogg and two MNR far north planners.  “We’ve always had these areas of shared use,” Frogg said. “These were areas that different groups in different communities utilized. Basically they were places where they got together, meeting places, and generally they … visited with each other. That’s how they kept track of each other. That’s how they shared news.” ….”  Source
  • “On January 18, 2013, Serpent River First Nation Chief Isadore Day (Wiindawtegowinni), along with the Union of British Columbia Indian Chiefs, filed an affidavit in support of the Hupacasath First Nation’s Federal Court application for interim relief to prohibit Canada from notifying China that they have completed the internal legal procedures for the entry of the (Canada-China Foreign Investment Promotion and Protection Act) FIPPA into force. Chief Day filed the affidavit also on behalf of First Nations in Ontario, which in November 2012, passed a resolution rejecting the FIPPA citing it as an unlawful violation of the sacred and sovereign Treaties between First Nations and the Crown.  The affidavit stated that Serpent River First Nation and First Nations in Ontario have reasonable grounds to believe that the FIPPA, if ratified and implemented, will have serious negative effects on First Nations’ Treaty and other rights. It expressed support for Hupacasath First Nation’s motion that Canada suspend all efforts to ratify the FIPPA and enter into an open-ended dialogue with First Nations focused on a new and acceptable investment and/or trade agreement ….”  Sourcemoremore (Google News “FIPPA + first nation”) – leadnow.ca site opposing FIPPA

More open source information (excerpts from information monitored 1-25 Jan 13 (28 page PDF) here. All information shared here in accordance with the Fair Dealing provisions (§29) of the Copyright Act. The blog is not responsible for the accuracy of the source material, and inclusion of material doesn’t mean endorsement.

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