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

#RingOfFire (#RoF) News – July 17, 2015

  • Remember the “mining claims all the way up to the RoF” court case? “KWG Updates Appeals Status — With respect to the appeal of the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014, counsel for the parties have agreed with the Registrar of the Court of Appeal for Ontario to conduct the hearing previously scheduled for October 20th, 2015 on November 25th, 2015 instead ….”
  • “Noront Resources Announces Issuance of Interest Shares and Establishment Fee Shares — Noront Resources Ltd. announces that payment of interest in the amount of $372,090, for the second quarter of 2015 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. dated February 26, 2013, has been satisfied by delivery of 811,007 common shares of the Company at an effective price of $0.4588 per Interest Share. The Interest Shares were delivered on July 10, 2015 subject to a four month hold period, expiring on November 11, 2015 ….”
  • ”Roads, the best way to find new deposits — One of the first priorities is road transportation. Last March at the PDAC mining convention, the federal and provincial governments jointly announced roughly $800,000 in funding for four of the five isolated First Nations – Webequie, Nibinamik, Neskantaga and Eabametoong – to begin consultations on an east-west road that will connect their communities and the Ring of Fire camp to the provincial highway system. A small baby step of progress ….”
  • Speaking of roads and funding for them, here’s what the province says this …. “Ontario Takes Action to Secure Infrastructure Funding …. Ontario also nominated the Ring of Fire under the National Infrastructure Component and continues to call on the federal government to match the province’s commitment to invest up to $1 billion in the region. This project represents an unprecedented opportunity to unlock the economic development potential of northern Ontario and realize tremendous public benefits for Aboriginal communities, Ontario and Canada as a whole ….”
  • …. while Canada says this “The federal government has approved the vast majority of Ontario’s initial infrastructure requests as it fires back over provincial complaints that the Conservatives are playing politics with the billions set aside for projects like roads, sewers and transit. Federal Infrastructure Minister Denis Lebel is revealing for the first time how many Ontario projects have been approved. In a statement to The Globe and Mail, Mr. Lebel says that 77 of the 106 projects the province initially submitted for funding under the New Building Canada Fund have either been announced or approved by the government …. The 106 projects are on an initial list previously submitted by Ontario. The province sent a second list to Ottawa on Thursday that seeks funding for major projects including infrastructure to encourage mining in northern Ontario’s Ring of Fire region, as well as GO Transit improvements in Toronto and the surrounding region ….”
  • “Minister Rickford Highlights Importance of Mining at Greenstone Mineral Exploration Forum — The Honourable Greg Rickford, Canada’s Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, (Tuesday) delivered keynote remarks at the Greenstone Mineral Exploration Forum. The Minister highlighted the Government of Canada’s commitment to the mining industry, as well as the need for engagement and partnerships in the development of mining projects in and around the Ring of Fire in Northern Ontario ….”
  • Meanwhile, one of the other candidates in Rickford’s riding mentions the RoF as well ”Hampton wants better relationship between feds and First Nations hoping for change — The Harper Conservatives are failing to work with Treaty 3 and Nishnawbe Aski Nation First Nations, causing an economic delay in creating good jobs and a better economy in Northwestern Ontario, according to Howard Hampton, federal NDP candidate in the Kenora riding.  “The Harper Conservatives’ refusal to cooperate with First Nations is delaying vital development projects for the Northwest,” said Hampton. “The Ring of Fire, four-laning the Trans-Canada from Manitoba to Kenora, and building a hydro transmission line to the Far North could all be a reality if the Conservatives would stop ignoring the First Nations in the region.” …. “The Ring of Fire holds billions of dollars in mineral deposits, would create thousands of good jobs and a better economy for everyone in the region,” said Hampton. “The Conservatives refusal to work in partnership with First Nations like Neskantaga is unbelievable.” ….”

 

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