Ring of Fire News


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

#RingOfFire (#RoF) News – June 19, 2015

  • Provinces the key to resource-revenue sharing with First Nations – The Globe and MailSpecific revenue sharing has been shown to generate new wealth while creating business opportunities
  • Sound familiar?  “Ont. premier defends slow progress in Ring of Fire — Ontario Premier Kathleen Wynne is defending the slow progress in developing the Ring of Fire by saying it takes time to get things right ….” – “Ring of Fire development takes time, says Wynne” – “Ring of Fire moving forward, Premier suggests”
  • RoF still ONE provincial infrastructure priority:  “Ontario’s Minister of Transportation Steven Del Duca and Ontario’s Minister of Economic Development, Employment and Infrastructure Brad Duguid have released the following joint statement …. The priority projects that Ontario has put forward to the federal government, including six highway expansion projects, two GO transit projects, the Maley Drive extension in Sudbury, a number of nominated Small Community Fund projects, and a call for the federal government to match Ontario’s $1 Billion commitment to the Ring of Fire, have not received any response ….”
  • “NAN committed to Ring of Fire , says Grand Chief Yesno — Officials with Nishnawbe Ask Nation says mining and other developments in the Ontario’s far North won’t take place unless First Nations are the decision-makers at the forefront of that development.  “The days are long gone when industry or government can exploit our land and the resources it contains,” NAN Grand Chief Harvey Yesno declared in an address to the Ontario Mining Forum held in Thunder Bay on Wednesday.  As proof that NAN is determined to lead in the Ring of Fire development in the lower James Bay area, Yesno said the identification of key transportation corridors will be based on First Nation knowledge of local topography, sacred sites, cultural heritage and environment and resource development activities ….”
  • More from NAN (PDF)  “NAN is currently developing a strategic and innovative strategy that will position our 49 First Nations as active partners in delivering and financing comprehensive regional transportation infrastructure across our territory in Ontario’s remote north,” said Grand Chief Harvey Yesno during his keynote address to the 5th Annual Ontario Mining Forum in Thunder Bay …. NAN is moving forward with the identification of corridor options based on First Nation knowledge of local topography, sacred sites, cultural heritage, and environment and resource development activities. This new approach will provide certainty for First Nations and the business community.  NAN is also developing a strategy to lead the planning, development, procurement and implementation of a regional transportation infrastructure plan to maximize the social and economic benefits across NAN territory.  NAN is investigating the possibilities of ‘bundling’ for public-private partnership (PPP) financing of multiple transportation development projects to increase funding and financing options from the public and private sector sources. A ‘bundling’ strategy will combine many public infrastructure projects on shared Treaty territories together to maximize potential funding solutions by combining and coordinating several public infrastructure projects together to access new and more significant sources of financing ….”
  • Federal Liberals:  Easier for China to buy companies = better for RoF?  “The Liberal Party would open more of Canada’s economy to Chinese investment and ease restrictions on the sale of oil companies if it wins the fall election.  Developing Canada’s natural resources will require massive foreign investment and the federal government should do everything it can to foster ties with potential international partners, Liberal members of Parliament Scott Brison and Chrystia Freeland said Tuesday at Bloomberg’s Ottawa office …. Poor global ties have hurt TransCanada Corp.’s proposed Keystone XL pipeline as well as domestic projects including Quebec’s Plan Nord and Ontario’s Ring of Fire, Brison said.  “I honestly believe Mulroney would have been able to get Keystone XL approved with Reagan or Bush, and Chretien would have got it done with Clinton,” Brison said, referring to past Canadian and U.S. leaders ….” – more Chinese-RoF links from late last year here
  • “MacDonald Mines Sells Its Hornby Property — MacDonald Mines Exploration Ltd. announces that effective June 5, 2015, it entered into a Mineral Property Acquisition Agreement with KWG Resources Inc (“KWG”) to sell the mineral claims known as the Hornby Property, located 80 kilometres southeast of Webequie Ontario. The Hornby Property is comprised of five claims totaling about 15.7 square kilometres and is adjacent to the Big Daddy Chromite Discovery ….”



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One Response

  1. […] all the hints about some level of Chinese interest in the Rof here, here, here, here and here? Finally, a firm nibble …. “A Chinese railway design firm will […]

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