Ring of Fire News


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

#RingOfFire (#RoF) News – May 10, 2017

  • More reminders of zero #RoF mentions in the latest Ontario Budget, via com (more), Northern Ontario Business, mynorthbaynow.com (more, more), mywestnipissingnow.com (more), the Toronto Star and the Sudbury Star.
  • With campaigning toward a a June 1st by-election in the Soo, smelter talk is bubbling up again: “…it looks like the Ring of Fire could become an election issue in the Sault Ste. Marie by-election.  P.C. candidate Ross Romano is promising to build a plant in the Sault to process the ore from the chromite site.  Several years ago when he was the minister of northern development and mines and MPP for Sudbury, Rick Bartolucci promised a similar refinery for Capreol before everything got derailed …”
  • More smelter talk, this time from Noront: “It’s time to get political about the Ring of Fire.  Noront Resources, the leading mine developer in the Far North, is eyeing Sault Ste. Marie as one of four sites in Northern Ontario for a potential ferrochrome smelter.  Company president-CEO Alan Coutts is making it known he’s putting mining on the campaign agenda in that city’s upcoming provincial byelection on June 1 …  The Sault is on Noront’s shortlist – along with Timmins, Sudbury and Thunder Bay/Fort William First Nation – to be the host community for a $600 million to $800-million plant to process chromite into ferrochrome, a critical ingredient used in stainless steel production.  Between now and the end of June, Coutts and his chief development officer, Steve Flewelling, will be visiting prospective sites and making public presentations in each city …”
  • In other Noront news“Shares of Noront Resources Ltd (NOT.V) is moving on volatility (Monday 8 May) 6.67% or $0.015 from the open. The TSXV listed company saw a recent bid of 0.24 on 56673 volume. Now let’s take a look at how the fundamentals are stacking up for Noront Resources Ltd (NOT.V). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Noront Resources Ltd currently has a yearly EPS of -0.04 …”
  • So, what’s the Northern Ontario Party promising for the Ring of Fire? From a platform summary:   “…We will undertake investment partnerships with mining companies and claim owners to begin building the required infrastructure for the Ring of Fire project including an access road and/or rail line north from Nakina. All provincially funded builders/developers will be sourced from within Northern Ontario, hiring Northern Ontarians …”
  • Another #RoF letter to the editor from Don Wallace: “The word that KWG Resources along with Marten Falls First Nation reps are off to China to discuss a rail line to the Ring of Fire mineral deposits’ has been quickly followed by shocking news that Queens Park did not mention the Ring of Fire in last week’s budget or its long-time promise of $1 billion to support the Ring project. Why?  Is it that Queen’s Park can’t handle the notion of the Chinese doing business in Northern Ontario? Or is it that Queen’s Park has its own plan? Not likely given 10 years of nothing but empty blather despite tens of millions spent.  Is it because the feds have a plan?  Even more unlikely.  Or it is because both Queen’s Park and the feds both fear political fallout from south of the border regarding direct Chinese communist enterprise at work in North American …” – previous contributions here
  • Someone with some Ring of Fire history is on the new team eyeing possible new ridings in Ontario’s far north according to a Government of Ontario info-machine news release – more here:  “… Theresa Hall served as a justice of the peace in Cochrane for over 16 years, and was the first Cree woman to hold this position … From 2011 to 2012, Ms. Hall served as the executive director of Canada Chrome Corporation. Following that, she was the Ring of Fire manager for Mushkegowuk Council …”


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