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Ring of Fire News – October 10, 2013

  • Cliffs appeals Mining & Lands Commission keeping them from building a road on KWG’s mining claims leading up to the Ring of Fire  Counsel for KWG Resources Inc. has been served with a Notice of Appeal on behalf of the Cliffs Natural Resources Inc. subsidiary that recently lost its application to the Mining and Lands Commission.  Cliffs had sought an Order to dispense with the consent of KWG for the granting of an easement to Cliffs over mining claims previously staked and assessed by KWG. In a decision released on September 10, 2013 the Mining and Lands Commission dismissed the application ….” – more here, here, here, here, here and here
  • Meanwhile, “Cliffs Natural Resources Inc. …. intends to announce unaudited 2013 third-quarter financial results after the U.S.-market close Thursday, Oct. 24, 2013 ….”details of the 25 Oct conference call here
  • KWG Resources Inc. has been granted a further 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 October 21, 2013 to complete the balance of the placement of units. A first tranche of $300,000 has closed and a second tranche of $250,000 has been subscribed. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.10 at any time within three years. The units may be acquired by qualified investors for a subscription of $0.05 each ….”
  • Bold Ventures Inc. reports the completion of a helicopter borne VTEM electromagnetic and magnetic geophysical survey in the Ring of Fire area of Northern Ontario. The survey was carried out to detail previously surveyed blocks as well as to investigate new areas that had not been surveyed. This ongoing hunt for “elephant sized” mineral deposits is being carried out as part of a systematic, ongoing (since 2010) reconnaissance of under explored areas that have not been subject to the current technology of Vertical Loop Time Domain Electro Magnetic survey systems in the past. The Company took the opportunity to fly the survey at this time in order to manage the timing of this activity with local First Nation activities.  As a result of the recently completed VTEM survey, a further 20 claims totaling 292 claim units comprising approximately 4,672 hectares or 11,680 acres were staked to cover the areas that encountered anomalous results. A comprehensive review of the survey data is being undertaken ….”
  • A bit more money for First Nations dealing with the Noront project  “The Canadian Environmental Assessment Agency has allocated a total of $19,233 to the Kasabonika Lake First Nation to support their participation in consultation activities related to the environmental assessment of the proposed Eagle’s Nest Project, located in Ontario.  This funding was made available to Aboriginal groups through the Participant Funding Program administered by the Agency, and will enable participation in upcoming steps of the environmental assessment, such as consultation related to the Environmental Impact Statement and the review of the Comprehensive Study Report ….”.
  • Meanwhile, Noront Resources has a new cheat sheet on their project online
  • Environmental Commissioner of Ontario Gord Miller:  Ring of Fire needs more than just piecmeal environmental assessments  “…. The government should strategically assess the potential environmental impacts in the Ring of Fire region. “Right now, environmental assessments are done on a piecemeal, project by project basis,” says Miller. “They do not take into account the combined effect of  all the individual mines, roads, transmission corridors, airstrips, and other impacts that will have profound effects the Far North and many First Nation communities.” ….”  – more detail on pages 63 to 75 of the full 2013 annual report here
  • Ontario Mines Minister Michael Gravelle on the Ring of Fire  “Approximately 500 kilometres north of Thunder Bay, in the James Bay Lowlands, sits an estimated $30-50 billion worth of untapped mineral resources. When developed, this exciting discovery will potentially transform the region, create thousands of jobs and enhance the future economic prosperity for Ontario.  Realizing the full potential of the Ring of Fire is an extremely complex undertaking, one that our government takes very seriously. We have to make sure that we get it right. This means making important investments in people, infrastructure and building the right business climate for successful development ….”
  • Another Gravelle (this one an MP) from the North on the Ring of Fire  “The stalled Ring of Fire mining project finds itself at a critical crossroads with governments in Ottawa and Ontario needing to work together now more than ever. That will mean leadership that actually engages all parties and contributes to sustainable development.  Otherwise, this “project of the century for Northern Ontario” — with values from $50 billion to $120 billion being cited following discovery of world-class chromite deposits for stainless steel markets — may have to wait for another generation ….”
  • Not just any AGM  “…. The annual gathering of the Matawa First Nations Tribal Council doesn’t follow the conventions of the usual corporate annual general meeting, nor the formalities of government sessions.  During a sacred opening ceremony, elders load long pipes with tobacco and puff out billows of smoke as three men and a boy pound a powwow drum. Songs from time immemorial reverberate through the open doors of a rundown community centre where kids play ball hockey in the gym.  At the top of the agenda: How to assert a unified stance on mining development that encroaches on traditional territories in this part of northern Ontario, home to a bed of lucrative mineral deposits that has been dubbed the Ring of Fire ….”
  • Matawa negotiator:  Ring of Fire’ll help (but not the only answer)  “Former Liberal leader Bob Rae says natural resource projects such as Ontario’s massive Ring of Fire aren’t a “magic bullet” to eliminate poverty in remote aboriginal communities.  Rae told a conference on Saturday that several approaches are needed — including jobs training, education and governance — to help the resource-rich but underdeveloped areas raise themselves up.  “If you want to see conditions of real underdevelopment, and see what the impact is on people and families, on children and on adults, you do not have to go very far,” he told the crowd ….”.
  • Bob Rae also had a chance to experience a power outage during one of his trips to remote communities this week – while discussing power supply issues – a tiny bit more on the visits on Rae’s Twitter feed here and here.
  • Speaking of First Nations and electricity in northwestern Ontario …. A power transmission company looking to connect remote First Nations to the provincial energy grid is expandingAt a news conference in Thunder Bay on Tuesday, Wataynikaneyap Power announced that five more communities have joined the power consortium.  The company, a partnership between Goldcorp Inc. and the Central Corridor Energy Group and its First Nations members, is developing a power transmission line to remote communities and the Musselwhite Mine north of Pickle Lake.  With the addition of Deer Lake, Keewaywin, McDowell Lake, North Spirit Lake and Poplar Hill First Nations, 18 communities are now equal partners in the power transmission company ….” – more on the announcement here, and on the consortium/partnership here
  • Editorial:  In declaring that the Ring of Fire mining belt is not a “magic bullet” for surrounding First Nations poverty, Bob Rae is not pouring cold water on the prospect of prosperity. Instead, the former politician hired to negotiate involvement of nine Matawa tribal council bands is confirming what needs doing to make the most of it. Mining riches will not simply “trickle down” to reserves, he told a Toronto conference. Rather, improved education, job training tailored to mining and better governance are essential ….”
  • Letter to the Editor  “It is wrong-headed to suggest that government “red tape” is the reason for Cliff’s delays in the Ring of Fire. Unless by red tape the Ontario Progressive Conservative Party means things like laws against interfering with another company’s ability to work, or legitimate grievances between First Nations, industry and the province.  We all want the jobs and benefits that come with projects like the Ring of Fire, but it is backwards to suggest that being denied an easement that would inhibit a competitor’s ability to do business is just red tape. Northern Ontarians can see through the guff of this rhetoric ….”
  • Analyst/activist’s take  “…. while Indigenous peoples’ protests have achieved important environmental victories – mining operations stopped here, forest conservation areas set up there – these have remained sporadic and isolated. Canada’s country-wide policies of ignoring Indigenous land rights have rarely been challenged, and never fundamentally.  Until now. If it’s only a social movement that can change the power equation upholding the official’s stance, then the Idle No More uprising may be it ….”
  • (Not Ring of Fire, but Worth Keeping an Eye On)  “Nunavik groups say proposed changes to Quebec’s mining act don’t go far enough to address the region’s distinct needs and existing agreements.  Bill 43, a bill to reform Quebec’s mining act, was presented last spring, although public hearings on the bill wrapped up in Quebec City Oct. 1.  The draft bill imposes tougher environmental protections while increasing legal requirements for mining companies looking to explore in Quebec — changes that are welcomed in Nunavik.  But Makivik Corp. said the bill should not require that impact and benefits agreements between Nunavik and mining companies be made public. In other words, these should remain secret ….”

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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