Ring of Fire News


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

#RingOfFire (#RoF) News – May 15, 2015


  • Another reminder from the Federal RoF minister  “Anyone who says the federal government isn’t doing anything to advance development of the Ring of Fire hasn’t been paying attention, says Natural Resources Minister Greg Rickford.  Rickford initiated the siren at the opening of business Thursday at the Toronto Stock Exchange to mark National Mining Week, a celebration of Canada’s leadership and expertise in the industry ….”
  • More federal info  “The Honourable Bernard Valcourt, Minister of Aboriginal Affairs and Northern Development, (this week) released the Strategic Partnerships Initiative (SPI) Inaugural Report. The report provides an overview of this innovative program and the Government of Canada’s investments in key natural resource sectors of the Canadian economy …. To date, investments have supported Aboriginal participation in some of the largest projects across Canada, including the Ring of Fire in northern Ontario, Labrador Trough in Québec, Lower Churchill hydroelectric project in the Atlantic, shipbuilding contracts on the west and east coasts, as well as in oil and gas development on the west coast ….”  You can read more about almost $8M in federal investment to date in the RoF in that part of the report here.
  • Bold Ventures Inc. wishes to announce the release of its updated Corporate Presentation which can be viewed on its website at www.boldventuresinc.com. Given recent developments, the new presentation (31 pg PDF) highlights the Company’s assets and plans for exploration in the Ring of Fire area of Ontario, and reviews the progress at Bold’s Lac Surprise and Lac Grasset projects in Quebec.  In addition to the updated Corporate Presentation, on April 9, 2015 the Company announced a brokered private placement of up to 10,000,000 working capital units of the Company at a price of $0.05 per WC Unit for up to $500,000. The Offering is being led on a best efforts basis by IBK Capital Corp. ….”
  • “A northern MP is accusing the government of undermining the efforts of developers anxious to get several projects off the ground.  Claude Gravelle says the Conservatives aren’t doing enough to consult with First Nations.  The NDP Mining critic points to comments made by the Mining Association of Canada, in which the organization said they’re doing more consulting than the feds ….”
  • New think tank commentary (14 page PDF)The Road to Economic Stability for Aboriginal People — We need a national conversation on standards for infrastructure for First Nations, Métis, and Inuit people, and how newfound Aboriginal prosperity can build community assets ….”
  • “Mining for more: How much is mining really worth to Ontario? – Are low royalty rates making the province a tax haven for mining or building a viable industry — Ontario has collected about 1.5 per cent in royalties on the billions of dollars worth of ore extracted in the province over the past decade, but critics say that’s not enough for the loss of non-renewable resources, a CBC News investigation supported by Michener-Deacon shows ….”
  • Not exactly RoF or mining, but worth a look  “Canada’s spies are warning the federal government about an “extremist” threat to natural resource development, internal documents show.  “Extremists” have united both in person and online in their opposition to Canadian natural resource projects, according to a September 2014 “threat overview” prepared by CSIS for Public Safety Minister Steven Blaney.  The heavily censored document does not outline specific threats or projects, nor does it single out particular groups. But it lists the threat between sections on terrorist travellers and a growing anti-Muslim movement advocating violence in Canada.  The CSIS report, obtained under Access to Information law, mirrors strong language in a January 2014 report from the RCMP warning of an “anti-Canadian petroleum movement.” The report, obtained by Greenpeace, said that movement is well financed and organized, and includes “peaceful activists, militants, and violent extremists.”  ….”




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