Ring of Fire News


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

Federal Budget 2015 #RingOfFire, Chromite Mentions

This, from page 218 of the Budget document released today:

“…. To date, the Government has invested more than $35 million towards the development of the Ring of Fire, including Aboriginal capacity building, support to small business and skills development and training ….”

Any new money?  Sorta-kinda – this, from page 217:

“Economic Action Plan 2015 proposes to allocate $23 million over five years, starting in 2015–16, from Natural Resources Canada to stimulate  the technological innovation needed to separate and develop rare earth elements and chromite.”

Ontario’s initial reaction?  This from money minister Charles Sousa:

“….  There was no reference to the Ring of Fire in the budget other than a minor $20-million fund, Sousa said.  “That is a slap in the face,” he said. “We are here to try to find ways to invest and position ourselves for the future, not for the next election.”  ….”

More, as it comes in ….


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