Ring of Fire News


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Ring of Fire News – July 4, 2014

  • First off, happy 4th of July to American readers!
  • Ontario’s Speech from the Throne mentions Ring of Fire  “…. Within the next 60 days**, your government will establish a Ring of Fire development corporation and move forward in a smart, sustainable and collaborative way with First Nations, the private sector and communities to unlock the enormous mineral potential in Northern Ontario. Your government commits $1 billion for transportation infrastructure to help access the Ring of Fire.  Your government will continue its efforts to bring the federal government to the table as a willing and active partner, and will seek a matching federal commitment to seize the opportunity for Ontario and Canada that lies in the Ring of Fire ….”more 
  • ** – that means no later than 1 Sept 2014
  • Ontario Premier names new Secretary of the Cabinet (Ontario’s top civil servant)  “Ontario Premier Kathleen Wynne has named Steve Orsini as Secretary of the Cabinet and Clerk of the Executive Council. He will lead the Ontario Public Service effective July 9, 2014 ….”Orsini bio
  • More on that Supreme Court decision on Aboriginal title on land, from Noront  “The Supreme Court of Canada recently granted a declaration of Aboriginal title over a tract of Crown lands to the Tsilhqot’in Nation of the west central interior of British Columbia. This is the first time in Canadian history that Aboriginal title has been definitely established and affirmed.  Noront President & CEO Alan Coutts commented as follows:  “Noront Resources has involved local First Nations communities in the development of its Eagle’s Nest mine project from the very start incorporating several of their concerns into the very design of the mine. It has always been our intention to develop Eagle’s Nest in collaboration with the local communities as a true partnership. We don’t see the recent Supreme Court decision regarding native title in B.C. as a negative impact on development in the Ring of Fire; rather, it validates the approach we have taken over the last five years.” ….”
  • Lots more legal analysis of Tsilhqot’in Nation v. British Columbia also available over at lexology.com
  • The Annual Meeting of the shareholders of KWG Resources Inc. was convened Monday morning and elected Cynthia Thomas, Douglas Flett, Thomas Pladsen, Donald Sheldon and Frank Smeenk as directors. The shareholders also appointed McGovern, Hurley, Cunningham LLP, Chartered Accountants, as the auditors of the Company. Frank Smeenk, Thomas Masters and Luce St. Pierre were then respectively re-appointed as the Company’s President, Chief Financial Officer and Secretary and Douglas Flett was elected Chairman of the Board …. The meeting was adjourned to July 30, 2014 to then consider the special resolutions to amend the Company’s articles to include the authority to issue preferred shares and to let all shareholders wishing to do so acquire with each fifty of their present shares one new multiple-voting share (provided that these may be converted back into the fifty subordinate voting shares at any subsequent time of their choosing) ….”KWG news release
  • Northern mayors on the Ring o’ Fire  “Northern Ontario cities and towns need to speak as a single voice to be effective in getting the province to pay attention to the priorities of the region, said mayors meeting in North Bay Thursday.  While Northern Ontario accounts for 88% of the province’s area, it only has 6% of the population, and that can mean problems getting its voice heard.  “We realize to be successful we have to stick together,” explained North Bay Mayor Al McDonald. “And that’s what these meeting are all about, to reconfirm what is important to Northern Ontario and how we create jobs and bring wealth to our part of the province.”  McDonald says the group concentrated on issues such as economic development, energy costs, the ONTC and Ring of Fire …. McDonald says their next move is to put all their thoughts on paper, and request meetings with eight ministers at the Association of Municipalities of Ontario meeting in London next month.”
  • Ontario small business trying to twist Ottawa’s arm  “….  The Ontario Chamber of Commerce (OCC) along with seven other chambers across the province, including Thunder Bay, have written a letter to Minister of Natural Resources and FedNor Greg Rickford, who also represents the Kenora riding as a Member of Parliament.   The letter is asking for the federal government to match the province’s commitment of $1 billion in funding for infrastructure in the Ring of Fire ….”OCC news release
  • Have a great weekend! 



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