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Ring of Fire News – November 8, 2013

  • Ontario to Canada:  We’re ready to get together with industry, others to figure out how to build a road/railway/whatever to the Ring of Fire – you in?  “…. The province will lead the creation of a development corporation that would bring together private and public partners, including First Nations, mining companies, as well as the federal and provincial governments. This continues Ontario’s smart, sustainable and collaborative approach to the Ring of Fire.  The corporation would develop, construct, finance, operate and maintain infrastructure supporting access to strategic resources in the Ring of Fire. The province will begin immediate work with partners, including the federal government, on the development corporation to determine its scope and a suitable governance model.  Premier Wynne has written Prime Minister Harper seeking a role for the federal government to partner with Ontario, through the development corporation, in order to develop vital infrastructure investments for the region ….”
  • How mines minister Micheal Gravelle put it  “…. Currently there are a variety of proposals for infrastructure development …. In recent weeks, it has become increasingly clear to me, that we need to determine exactly what those infrastructure needs are, and we need to do it now. What will serve development of the region best, what will serve the people of Ontario best.  That is why …. our government is announcing we will take action to ensure strategic infrastructure development for the region can and will move forward with the creation of a development corporation. The creation of a development corporation will bring First Nations, mining companies, and provincial and federal partners together to settle divergent interests and get back to making this development happen. They will determine infrastructure needs and financing to support infrastructure development. We will reach out to our partners immediately to ensure work starts today. This project is, simply put, too important ….  we really need the federal government to join us. This is a truly significant piece of infrastructure that will drive tremendous economic opportunity for the people of Northern Ontario and, indeed, the whole province. Various federal ministers of the Crown have been telling us they are committed to working with us, and that they will make the necessary investments to support Northern Ontario, and make this project a reality. Well, the time has come for the federal government to step up. They’ve done it in Alberta with the oil sands, in Newfoundland with a $6 billion dollar hydro-electric project and elsewhere like B.C. They need to place the same amount of significance in northern Ontario as the Wynne government does, as we all here do ….”
  • Gravelle’s headline version, via Twitter:  “Proud that our Ontario Liberal government is leading the way forward in Ring of Fire infrastructure development”
  • Railroaders wanting to save ONTC like the idea  “The General Chairperson’s Association (GCA) representing unionized employees at Ontario Northland is encouraged with the direction Premier Wynne’s Government is taking with today’s announcement that it will be creating a development corporation which will bring together both private and public parties to develop, construct, finance, operate and maintain a publically owned infrastructure to access the Ring of Fire.  “This proposal by Premier Wynne’s Government is a positive step for all Northerners and the GCA is ready and willing to be part of any discussion about this new corporation. The Minister of Northern Development and Mines Advisory Commission (MAC) should play an important role in these discussions”, said GCA spokesperson Brian Kelly.  “It is a natural fit for the ONTC which is a major provincial infrastructure holding in the north to be involved in accessing the Ring of Fire ….”
  • Municipal leaders in northwestern Ontario seem to like the plan, too  (at first blush, anyway“It is a good idea,” stated Iain Angus. Speaking on behalf of the Northwestern Ontario Municipal Association (NOMA) the Thunder Bay City Councillor expressed support for the announcement made this morning by the Ontario Government ….”   
  • Also, a Tweet from Thunder Bay mayor Keith Hobbs:  “@MichaelGravelle looking forward to progress in #Ring of Fire. Thank you for this announcement today.”
  • More on the new development corporation from tbnewswatch.com, cbc.ca, northernlife.ca, the Globe & Mail, The Canadian Press, the Toronto Star, and Northern Ontario Business.
  • Commenting before Ontario’s announcement, Canada’s Ring of Fire minister says recent protests have lessons to offer (highlights mine)  “The Canadian federal minister overseeing projects to develop C$50 billion ($48 billion) of mineral deposits said he’ll use lessons learned from aboriginal protests to temper resistance that has slowed other projects.  Increased job training, infrastructure and participation in environmental reviews are helping build trust with aboriginal communities adjacent to the so-called Ring of Fire deposits in northern Ontario, Greg Rickford said in an interview. The Idle No More protest movement that emerged last year showed anger with “politics at every level” and demonstrated that aboriginals want to share the benefits of resource development, he said.  The protests “give us important guidance on how to proceed, and we have been following that playbook,” Rickford, minister responsible for Ring of Fire and economic development in northern Ontario, said in an interview at Bloomberg’s Ottawa newsroom …. Development of the Ring of Fire by companies like Cleveland-based Cliffs Natural Resources Inc. and Noront Resources Ltd. of Toronto have also been slowed by disputes over road construction.  Rickford said it is up to Ontario to resolve those issues. “I have had very frequent, very serious and very frank discussions with both Cliffs and Noront,” he said. Disputes about roads “are squarely within the provincial jurisdiction,” he said ….”
  • In other company news, KWG Resources Inc. has completed a second tranche of a private placement of flow-through units, for gross proceeds of $1,328,000 …. The proceeds of the placement will fund a drilling program designed to extend the Black Horse inferred resource this winter ….”
  •  KWG’s also taking their message online “KWG Resources Inc. is pleased to announce an Online Marketing and Awareness Program through AGORACOM.  KWG will receive significant exposure through 5,000,000 content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of KWG amongst online small cap investors.  Bruce Hodgman, Vice-President of KWG Resources commented, “We are delighted to commence this marketing program with AGORACOM. KWG Resources intends to take advantage of AGORACOM’s broad reach to attract new shareholders during this exciting time in our Company’s development.” ….”
  • Noront Resources Ltd. reports that the Company has closed the previously announced private placement with Alan Coutts, the Company’s President and Chief Executive Officer. Mr. Coutts purchased 335,000 common shares of the Company at a price of $0.30 per Purchased Share. The Purchased Shares are subject to a four month plus one day hold period which will expire on March 1, 2014 ….”
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