Ring of Fire News

Icon

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

#RingOfFire (RoF) News – January 23, 2015

  • What Business Wants in the RoF (1)  “Northwestern chambers of commerce urged the Wynne government to rein in spending, get cracking on the Ring of Fire, address the growing skills gap, and strive to deliver cheaper power to Northern manufacturers. The Thunder Bay Chamber of Commerce and the Northwestern Ontario Associated Chambers of Commerce (NOACC) issued a joint release that they submitted their input during pre-budget consultations. “We highlighted the incredible opportunity in the mining sector and the need for provincial support through investments in infrastructure and skills training to ensure we can realize the potential,” said NOACC president Nathan Lawrence. “Bold action” is needed to balance the provincial budget or since the government’s fiscal situation poses “negative consequences for all Ontarians.” The chambers said investor confidence in Ontario is being hurt by delays in drawing up the Ring of Fire environmental assessment process and the failure on the government’s part to bring in Ottawa as a development partner ….”
  • What Business Wants in the RoF (2)  “Businesses in the region have a few ideas for the province before it unveils its latest budget. In a written submission to the Standing Committee on Finance and Economic Affairs, the Thunder Bay Chamber of Commerce and the Northwestern Ontario Associated Chambers of Commerce have highlighted mining, energy and skills shortages as key areas it wants the province to focus on. That and addressing the deficit, which local chamber president Charla Robinson said is limiting the province’s ability to invest in areas to grow the economy …. On mining, the chambers want to see progress in the Ring of Fire, specifically in getting Noront Resources the approval it needs to work on its environmental assessment. Robinson said there is a way for the company to continue that work while the province negotiates with the Matawa Tribal Council. “Right now they’re basically sitting and waiting,” she said of Noront ….”
  • What James Bay First Nations Want in the RoF  “The Mushkegowuk Tribal Council is considering the idea of teaming up with a Southern Ontario rail company to purchase the rail division of Ontario Northland with an eye to expanding rail service on the James Bay Coast and eventually to the Ring Of Fire mining development. Mushkegowuk represents the First Nations Communities along the James Bay Coast. Mushkegowuk grand chief Lawrence Martin revealed Thursday afternoon that his organization has been approached by TGR Rail Canada Ltd, which is one of the companies bidding on the divestment of Ontario Northland Transportation Commission. “They gave us a proposal to consider in which we would look at an MOU (Memorandum Of Understanding) to discuss the possibility of a partnership with them,” said grand chief Martin, speaking to the Aboriginal Energy Symposium in Timmins Thursday afternoon …. “…. “I can’t discuss amounts at the moment, but we have the funds to do whatever is required,” (Ron Dancey, the chairman of the board for TGR Rail) added. “We have the financing in place to purchase the ONR and to do the upgrades to the ONR. We also have financing arrangements in place to extend it up to the Ring Of Fire.” ….”moremore
  • What the Green Party Wants in the RoF  “David Robinson says he has a comprehensive plan that would move the Ring of Fire development plan forward. The Ring of Fire is a rich ore deposit in a remote section of northwestern Ontario, which no land transportation access, but a promise of billions of dollars worth of chromite and other metals. The province has taken heat for not producing a plan to allow development to move forward, and work in the area has effectively stalled. Robinson, the Green Party candidate in the Sudbury riding byelection, said his plan includes developing a regional governance structure for those areas of Northern Ontario without functioning local governments. Regional government for the Far North will greatly strengthen the voice of people living in the area – and those expected to reside in the North when the Ring of Fire is developed ….”
  • Feds (Still) Not Happy  “The much vaunted Ring Of Fire mining development is bogged down in bureaucratic studies along with bickering over where to build a new road, or rail link, to what is clearly the newest, richest and most promising mining development in Ontario so far this century. That was part of the assessment offered in Timmins this week at an impromptu news scrum with federal Natural Resources Minister Greg Rickford, the MP for Kenora and the minister for FedNor. But Rickford also said he is still hopeful the project will blossom …. Speaking in Timmins Tuesday, Rickford said it has become obvious that the private sector is not willing to move forward on the development at this time. “Obviously the Ring Of Fire and the platinum group of metals represents an opportunity at some point,” Rickford told reporters. “The market has had trouble of getting to the point where any company can justify moving ahead very quickly with an extractive exercise. “But as I have always said, the real economic legacy is actually setting up the infrastructure for this. And that’s what we’ve been focused on. The Build Canada fund is intended to focus on infrastructure projects.” Rickford did not specifically throw darts at Queen’s Park, but he said the Ring of Fire development corporation set up by the Liberals last summer is not working. That agency is run by four senior public servants ….”
  • KWG Picks New Info-machine  “KWG Resources Inc. is pleased to announce that it has retained the services of RBL Communications Inc. (“RBL”) to implement and manage a complete online awareness and marketing program (the “Program”). Over the next 12 months, the Program will provide KWG with exposure on prominent Tier 1 Financial websites such as Kitco, Stockhouse, Seeking Alpha, Reuters and many others. Additionally, RBL will blueprint and develop a brand new KWG website featuring a responsive design, SEO framework and full social media integration. The Program is designed to significantly enhance KWG’s online footprint and allow for near real-time distribution of news, updates, interviews, and media ….”
  • Some Kudos to a RoF Pioneer  “MacKenzie (Mac) Watson, one of the Ring of Fire discoverers, was inducted into the Canadian Mining Hall of Fame, Jan. 15 in Toronto …. As president of Freewest Resources and Quest Uranium, Watson has been associated with the discoveries of the Holloway gold mine, the chromite deposits in the Ring of Fire, and the Strange Lake rare earths project in Quebec. He has provided bursary and scholarship support to his alma mater, the University of New Brunswick, Lakehead University, and has mentored young geoscientists and served with industry associations ….”Watson’s Mining Hall of Fame profile
  • More general legal analysis about consulting First Nations in general  “The Supreme Court of Canada (SCC) has released two recent seminal decisions that will significantly impact resource development projects where Aboriginal interests might be affected. As M&A activity in the infrastructure, oil and gas and mining sectors unfolds in 2015, we expect buyers of and investors in Canadian targets involved in resource development to pay increasing attention to whether appropriate consultation and accommodation have occurred with local Aboriginal communities, particularly those with existing or potential title claims ….”PDF version of article

Advertisements

Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: