Ring of Fire News

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

Some of the latest ….

… as I should be back to the regular schedule next week – meanwhile, here’s a few highlights since I’ve been offline:

More summaries of what’s been out there (1-22 Feb 13, 57 page PDF) here.

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Tech troubles = brief posting break

Hoping my computer’ll be out of the computer hospital shortly, so in the meantime, enjoy the Blog Roll members.

Thanks for your patience.

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Ring of Fire News – February 8, 2013

  • Provincial Finance MinisterGoneProvincial Energy (and Aboriginal Affairs) MinisterGoneProvincial Northern Development MinisterGone!  New Cabinet?  Getting sworn in Monday – more here.
  • Long, but detailed piece on infrastructure (rail?  road?) getting into the Ring of Fire by analyst Stan Sudol  “…. Premier DesignateWynne has been quoted in the Sudbury Star as saying, “I want to make sure that we move the Ring of Fire project ahead.” In addition, her previous experience at Aboriginal Affairs ensures a keen understanding of one of the most important issues in this development. Recently in the Globe and Mail, Charles Sousa, stated “We need to establish a rail or transportation system, a spine to the north, providing access to isolated communities.” In other publications, he is quoted as saying, “Developing the Ring of Fire will be my top priority for the north.” With a new Premier, a fresh group of advisors and senior Cabinet appointments, I sense there will be a paradigm shift at Queen’s Park towards the Ring of Fire. The project will finally become a priority which to be honest, never seemed to be the case with McGuinty and his environmental followers. Northern Ontario may have finally found the leader we need; a leader with a bold northern vision who is able to seize the extraordinary opportunities that the Ring of Fire offers, and that will also help the province slay its deficit and sustain our much valued health, education and social services. That includes making the strategic choice of a railroad instead of a road for long-term economic sustainability of this extraordinary rich mining camp that will be in production for many decades to come.”  Source
  • “KWG Resources and Bold Ventures are joining forces to explore Bold’s recently acquired Black Horse chromite property at
    Koper Lake in Ontario’s far northern Ring of Fire mineral zone.
    In a Monday release, KWG said an initial program, scheduled to begin as soon as the transaction closes, is aimed at determining “whether this chromite mineralization occurs in sufficient quantity and quality to demonstrate the feasibility of mining it and transporting it to market by rail via the claims of KWG subsidiary Canada Chrome Corporation.” The companies said Bold Ventures will act as operator, while KWG will provide funding. The current program has a budget of $2 million to drill the chromite horizon. An additional $1 million has been budgeted to drill a contiguous possible nickel target. “There is compelling geological and geophysical evidence to suggest that this mineralization could be part of an extensive continuous emplacement,” said KWG president Frank Smeenk. “If this drilling program is able to confirm that, we would wish to be the first Canadian companies to develop markets for the Ring of Fire chromite by providing transportation over Canada Chrome Corporation’s contiguous claims.” Canada Chrome has staked a line of claims running from the Ring of Fire mineral zone to the CN line near Nakina, and has conducted preliminary studies for a rail bed. A bid by Cliffs Natural Resources to acquire surface rights on those claims for its own year-round road is now before Ontario’s Mining and Lands Commissioner. Bold Ventures recently concluded a four-stage option to acquire the Koper Lake claims from Fancamp Exploration Ltd. In its own release, Bold said it will be paid a management fee as operator and will maintain control of the programs with input from KWG. Under the terms of the agreement, KWG can acquire up to 80 per cent of Bold’s interest in the Fancamp option by funding 100 per cent of Bold’s earn-in expenditures and option payments due to Fancamp. “This is a great opportunity for Bold to participate in the Koper Lake project without having to raise funds and dilute the interests of shareholders,” said company president and CEO Richard Nemis. Nemis thanked Marten Falls First Nation “for its ongoing guidance and co-operation with respect of the proposed exploration program.” ”  Source (In Support of Mining blog)
  • (Not in the Ring of Fire, but still worth noting)  Attawapiskat folks block the winter road into the DeBeers Canada Victor diamond mine – for a while, until the company agreed to more meetings with folks to discuss jobs and similar stuff – more on the brief protest here.

More open source information (excerpts from information monitored 11 Jan-8 Feb 13 (38 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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Ring of Fire News – February 1, 2013

  • Wynne Wins!  “As far as premiers from Toronto go, KathleenWynne was the best choice among the Liberal contenders for the North. We do not know yet what will come of Wynne’s attention to the North during the leadership campaign, but there is promise. Wynne vowed to create a northern cabinet committee — there are four Liberal MPPs in the North — and hold a cabinet meeting in the North in the first 30 days. She vowed to focus on enhancing roads, bridges and transportation, much of which is aimed at developing the Ring of Fire chromite deposit in the James Bay Lowlands. Cliffs Natural Resources plans to build a smelter north of Capreol to handle material from the Ring of Fire, bringing about 400 permanent jobs to the Sudbury area. She promised to complete the four-laning of Highway 69, which is vital to Sudburians for economic and safety reasons. And she wants northern mayors to co-operate on the Growth Plan for Northern Ontario. Her challenges here are significant, though perhaps not as significant as her political challenges. Some expect Wynne to significantly alter her cabinet. What does that mean for the North’s two cabinet ministers, Sudbury MPP and Northern and Development and Mines Minister Rick Bartolucci and Thunder Bay-Superior North MPP and Natural Resources Minister Michael Gravelle? And if development in the Ring of Fire is delayed, as mining industry observer Stan Sudol suspects, the best opportunity for job growth and economic development in First Nations areas is delayed ….”  Sourcemoremoremore (link to Wynne’s plan for Ontario’s North – alternate link here if previous link doesn’t work)
  • No sign on a government web site, but a Twitter user claims Cliffs is moving forward with its Environmental Assessment process  “Cliffs Submitted their final Amended Terms of Reference for the Cliffs Chromite Project few days ago.”  Sourcelink to Canadian Environmental Assessment Agency documents on the Cliffs project
  • Meanwhile, some organizational changes at Cliffs  “Cliffs Natural Resources Inc. announced that effective immediately, the Company’s Legal Department has been reorganized to better serve the evolving needs of Cliffs’ business. James Graham, formerly vice president, general counsel – global operations has been elected by Cliffs’ Board of Directors to become vice president and chief legal officer. He will continue to report to P. Kelly Tompkins, executive vice president – legal, government affairs and sustainability & president — Cliffs China. Cliffs’ day-to-day legal affairs will now be managed under Mr. Graham. This new structure is expected to result in a more integrated approach to the provision of legal services to operations, corporate as well as the company’s board of directors. With Cliffs since 2007, Mr. Graham has been involved in all of the Company’s major acquisitions and has over the past several years assumed greater levels of responsibility during his tenure. He received his J.D. from Case Western Reserve University, holds a B.A. degree from Hiram College and a M.A. degree from University of Michigan Graduate School. Carolyn Cheverine, formerly general counsel — corporate affairs and secretary, is promoted to vice president, general counsel and secretary. Ms. Cheverine has served the Cliffs’ board as secretary for the past year, has overall responsibility for providing legal advice and counsel to the accounting, treasury, tax and business development functions and provides oversight for Cliffs’ public reporting requirements. Ms. Cheverine will also be working closely with Cliffs’ Chief Risk Officer to enhance the company’s compliance efforts. She received her J.D. from University of Virginia and holds a B.S. degree in Economics from University of Pennsylvania. She will report directly to Mr. Graham. The Company also announced that Paul West is named Cliffs’ new director – corporate sustainability. Previously, Mr. West held a lead environmental role for Asia Pacific Iron Ore and worked closely with the management team to design and implement sustainability concepts that are operationally relevant and supported by key stakeholder groups. He will lead Cliffs’ sustainability program by creating a long-term vision to drive greater awareness and increased performance across all Cliffs’ businesses and functions worldwide. Mr. West replaces Ronald Nielsen, who is leaving the Company to pursue other endeavors. He will report to David Cartella – vice president, global environmental affairs, sustainability & counsel ….”  Source (company news release)
  • Senior provincial Ring of Fire official moving on  “The member of Ontario’s Ring of Fire Secretariat responsible for dealing with First Nations has stepped down from the position.  Deborah Richardson of Pabineau First Nation joined the Secretariat in August 2012, taking on the position vacated by Harvey Yesno when he stepped down to run for Nishnawbe Aski Nation grand chief. Richardson informed stake-holders in January that she was taking a two-year leave from the Ontario government. David De Launay will take over from Richardson on the Secretariat. De Launay has spent most of his career working within the Ontario government in Aboriginal Affairs and the Ministry of Natural Resources. He most recently worked as Assistant Deputy Minister of Special Projects, reviewing oil and gas pipeline development in the province.”  Source
  • Far north First Nation says “no, thanks” to aerial survey work  “A northwestern Ontario First Nation has placed a moratorium on geophysical surveying of its traditional territory. The council at Fort Severn has told the Ontario Geological Survey it’s formally withdrawing its permission until Ontario and Canada recognize a government-to-government relationship with First Nations. The letter to the Ontario Geological Survey from Fort Severn First Nation states, “The people of Fort Severn are dissatisfied with the slow reaction of the Canadian and Ontario governments to respond to the Idle No More movement and the hunger fast of Chief Theresa Spence. As a signatory of Treaty No. 9, Ontario has a responsibility to respond to the demands of the First Nations for a treaty relationship.” The letter, which was signed by Chief Joseph Crowe, adds, “The chief and council of Fort Severn Cree will revisit this decision on February 28, the next scheduled meeting of the First Nations leadership and Canada. If the people of Fort Severn are satisfied that progress has been made at this meeting, this moratorium will be lifted.” ‘Open the door for whoever wants to come in’ CBC News was unable to reach Chief Crowe for comment but one member of the Fort Severn council said gathering data about resources could cause problems for his community in the future. “After the air survey is done, whatever they find is published,” Angus Miles said. “It’s gonna be available to everybody. That’s one of the biggest concerns we have. It’s just gonna open the door for whoever wants to come in.” A spokesperson for the Ministry of Northern Development and Mines told CBC News the ministry has instructed the contractor it hired to conduct aerial surveys over Fort Severn to suspend work until further notice ….”  Sourcemore
  • Ring of Fire mention in significant Conference Board of Canada report in mining in Canada  “Overall metal and non-metallic mineral production is expected to grow by 91% from 2011 to 2020. With a compound annual growth rate of 7.5%, says a new report by the Conference Board of Canada. The annual gross domestic product of mining in the North, which was C$4.4 billion in 2011, is expected to reach C$8.5 billion in 2020, according to the report, The Future of Mining in Canada’s North. This forecast assumes the current business environment in the North will be similar throughout the forecast period, with its current taxation and regulatory regimes and its current trend in addressing infrastructure and skilled labor constraints …. “The Ring of Fire in Northern Ontario also holds greater potential than what is currently project. Similarly, the territories have a number of promising sites that could be developed over and above those included in the outlook. Important and undeveloped mineral deposits such as uranium, diamonds, and gold still remain in various Northern regions of Canada,” said the Conference Board of Canada.”  Sourcemore (In Support of Mining blog) – more – Conference Board of Canada summary of report here – Conference Board news release here – Conference Board report here

More open source information (excerpts from information monitored 11 Jan-1 Feb 13 (29 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.

Filed under: Uncategorized

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