Ring of Fire News


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

Ring of Fire News – August 23, 2013

  • Note to APTN:  Kenora MP & Minister Greg Rickford is the lead federal Minister for the Ring of Fire (RoF), not the federal negotiator.  In this video, Rickford says the consultation piece must be “right out front” and that First Nations have to be partners in the development.
  • Sudbury Star Letter to the Editor  “…. If the Conservative government is serious about moving forward with the Ring of Fire in a non-partisan and consultative way, they could back up their words with real actions, and require a more thorough and consultative environmental assessment process.”
  • The mayors of the five biggest cities in Northern Ontario hope speaking with one voice will convince the province to act on some of the longstanding issues they say has held the region back for decades.  And with the Ring of Fire representing the biggest single economic development opportunity in the province, the government is listening, says Greater Sudbury Mayor Marianne Matichuk.  Matichuk, Al MacDonald of North Bay, Debbie Amoroso of Sault Ste. Marie, Tom Laughren of Timmins and Joe Virdiramo, acting mayor of Thunder Bay, unveiled their Northern Priorities document Tuesday at the Association of Municipalities of Ontario meeting in Ottawa.  The annual event offers Ontario’s 444 municipalities access to provincial cabinet ministers, opposition leaders – and even representatives from the federal government. Local politicians normally schedule one-on-one meetings with ministers and make a pitch for their city’s priorities.  But in an unprecedented move, the leaders of the North’s five biggest cities made a collective pitch, calling on the province to focus on six areas they say are key to economic development. And while the priorities aren’t new – such as calls for more infrastructure funding and sharing of revenue from natural resources – Matichuk said the Ring of Fire added considerable weight to their arguments ….”
  • What Do Northern Mayors Want from Ontario?   “…. Act immediately to secure funding for key regional infrastructure needs, including Ring of Fire transportation assets in Northern Ontario, a restructured Ontario Northland Transportation Commission, an expanded regional harbour in Sault Ste. Marie and necessary investments insupport of the Advantage Northwest Mining Readiness Strategy. In order to do so, theProvince should advance the timing for completion of the multi-modal transportation study outlined in the Growth Plan. Strategic infrastructure investments are a critical component tofuture industrial growth as outlined in the recently completed Advantage Northwest Mining Readiness Strategy and business case for a regional harbour in Sault Ste. Marie ….”
  • Premier Wynne’s tiny mention of RoF in her speech to municipal leaders in Ottawa  “…. To address the needs of communities around the Ring of Fire, we’re going to make sure that natural resource extraction comes with the critical programs and infrastructure necessary to support growth and create positive opportunities for the people who call that region home ….”
  • New RoF Player Listing on Vancouver Exchange  “Leo Resources Inc. lists on the on the Canadian National Stock Exchange. Leo is focusing on developing its exploration property in the highly prospective Ring of Fire, an evolving base metal camp in the James Bay lowlands of northern Ontario.  InvestmentPitch.com has produced a “video news alert” which provides a brief overview of Leo Resources. If this link is not enabled, please visit http://www.InvestmentPitch.com and enter “Leo” in the search box.  Leo Resources 100% of the Riverbank Nickel-Copper-Platinum project, which consists of 8 unpatented mining claims covering an area of approximately 1,392 hectares. The Riverbank properties are adjacent to Noront’s Eagle One and Eagle Two nickel projects and to Cliff Resources Black Thor deposit, which is the largest Chromite deposit in North America. For more information about the Riverbank project, please refer to the NI 43-101 Technical Report on Leo’s website (8MB PDF) or on Sedar.com.  Leo Resources created by way of a spin off to shareholders of Zara Resources ….”
  • KWG Raising More Money  “KWG Resources Inc. has been granted an extension of the conditional listing approval to complete the previously announced private placement of units of flow-through shares and share purchase warrants. The TSX Venture exchange has given the company until September 5th, 2013 to complete the balance of the placement of units. A first tranche of $300,000 has closed ….”
  • Regulatory filing:  Staff changes at Cliffs (including what one of the outgoing higher-ups is getting)
  • A glass-is-half-empty overview via Postmedia News  “…. Development is caught in an enormous bureaucracy. The permitting process cannot even start until a court decides what environmental assessment process will be used. First Nations groups continue to express concerns. And the companies that want to develop the region (Noront and Cliffs Natural Resources Inc.) are in such poor financial condition that the very concept of them spending billions of dollars to build mines is laughable.  Meanwhile, the Ring of Fire remains the same desolate, mosquitoinfested swamp that it was six years ago, a reminder of how much needs to be done to kick-start development ….”
  • Eagle Hill Exploration Corp. raised $12 million by way of private placement with which to buy out Noront Resources, its 25% partner at the Windfall Lake project 100 km east of Lebel-Sur-Quevillon, QC, and launch a drilling program on the property. The agreed on price was $5 million plus 25 million Eagle Hill common shares ….” – more in the Noront Resources news release here
  • More work to save Ontario Northland’s rail lines  “The Northern and Eastern Ontario Rail Network (NEORN) held a media launch …. in North Bay, Ontario to outline its goals and rail advocacy strategies.  The NEORN is a network composed of rail advocacy groups and stakeholders from across Northern and Eastern Ontario dedicated to the promotion of passenger and freight rail service throughout the region, and consistent with The Growth Plan for Northern Ontario.  Created in 2013, NEORN is a partnership of stakeholders and potential supporters including, but not limited to: First Nations, municipalities, chambers of commerce, boards of trade, local railways, businesses, industries, industry associations, unions, local coalitions or action groups, environmental groups, and student groups …. Among other goals, the NEORN is advocating for the Ontario Northland Transportation Commission (ONTC) to continue its role as transportation and communication provider for Northeastern Ontario in a properly governed and supported public agency under MTO similar to Metrolinx ….” (shared via Twitter by KWG Resources)
  • (Not in the RoF, but worth noting)  Here’s One Way to Bring First Nations in as Partners  “Northern Gold reports that it has issued 200,000 common shares and 200,000 share purchase warrants to Wahgoshig First Nation.  In a Wednesday release, the company said the shares and warrants were issued under a previously announced agreement that “will allow Wahgoshig to directly participate in any potential successes of Northern Gold.”  Earlier this month, the two parties announced that they had reached an exploration agreement concerning the company’s northeastern Ontario Golden Bear project, which is located in Wahgoshig traditional territory. The agreement outlines a framework for an ongoing relationship that would provide the First Nation with an opportunity to benefit through training, ongoing communications and business development ….”
  • Speaking of Aboriginal-private sector partnerships, here’s an online map at the Natural Resources Canada web page showing First Nations across Canada which have reached some sort of mining agreement with companies.

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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