Ring of Fire News

Icon

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

#RingOfFire (#RoF) News – May 12, 2017

  • Tick, tick, tick … “NorOnt Resources will decide by the end of summer where it will build its ferrochrome facility.  Top executives from the operation were in Sault Ste. Marie Wednesday meeting with community leaders and the Chamber of Commerce members outlining their plans and how the Ring of Fire development can provide an economic boost to Northern Ontario communities.  lan Coutts, president and CEO of NorOnt Resources said he wants communities to understand the company and its capabilities and have the supports in place if the community is chosen to host the first ferrochrome facility in North America …”
  • Sudbury wants a smelter, …
  • Timmins wants it
  • and the Soo (as well as those running for a provincial seat there) certainly wants it, too.
  • Noront: Ontario needs to step up before we decide on a smelter  “At least four communities are in the running to host a $1-billion ferrochrome facility to process ore from the Ring of Fire, located in northwestern Ontario.  Top executives with Noront Resources were in Sault Ste. Marie Wednesday and said they will decide by the end of summer where the company will build its ferrochrome facility, which is expected to create up to 350 jobs.  Sudbury, Sault Ste. Marie, Timmins and Thunder Bay-Fort William are competing for the plant.  The Noront executives met with community leaders and chamber of commerce members in the Sault, outlining their plans and how the Ring of Fire development can provide an economic boost to Northern Ontario.  Alan Coutts, president and CEO of Noront Resources, said he wants communities to understand the company and its capabilities, and have the supports in place if that community is chosen to host the first ferrochrome facility in North America … But nothing can be done until the province determines where roads should be built to the Ring of Fire area and the infrastructure is in place to get to the mineral deposits, Coutts said.  Noront is urging the province to come to a conclusion about where the road should be built to connect to the nearest highway, about 280 km away, and move forward with the infrastructure to make it a reality …”
  • Premier: First Nations need to decide  “Premier Kathleen Wynne is warning fly-in First Nations in Northern Ontario they must quickly agree on the construction of a road into their region – one that would also serve mining interests in the so-called Ring of Fire – or she will negotiate unilaterally with those communities that want the project.  It has been three years since the Ontario government said it would spend up to $1-billion to create an all-season road that would make development possible in the massive cache of chromite and other minerals as it connects to some reserves that are not currently accessible by car.  But little progress has been made, in part because the First Nations do not agree among themselves on how to proceed and are concerned about losing jurisdictional rights in the process. Negotiations with provincial officials have not always been productive …”
  • Ontario NDP Leader on Ontario Budget 2017 “…“Not one dime in Wynne’s budget is committed to the Ring of Fire,” said (Andrea) Horwath. “Failing to even mention a project with such massive potential – to create jobs, to grow the economy and to deliver prosperity for workers and their families – I think that’s wrong. To overlook the vast potential of the north is wrong.” …”more
  • Premier: It’s in there, really … “For weeks the NDP and Progressive Conservatives have said the budget drops all references to the Ring of Fire.  Both parties say they can’t find any mention of the $1 billion the Liberals committed earlier in time for the chromite project.   Mike Mantha of Algoma Manitoulin was the latest to ask the Premier during Question Period what happened to the money.   Kathleen Wynne says the money has not been removed and that it’s referenced on page 73 of the budget …”
  • Fact Check — Check page 73 of the budget document here (330 page PDF), and you’ll see it talks about infrastructure funding, but if you do a word search for “Ring of Fire” on the document, it doesn’t appear once.
  • … and I really DO want the Ring of Fire developed “…Wynne also says her government is still committed to the Ring of Fire. She says the $1 billion in funding for infrastructure for the Ring of Fire is still in place, and added the province is still working with the surrounding communities to get development going. Wynne finished the discussion about the Ring of Fire by saying there’s no one in the province who wants shovels in the ground at the Ring of Fire than her.”more
  • Meanwhile, in other corporate news … “KWG Resources Inc. announces that the adjourned Special Meeting of Shareholders of KWG has been cancelled by the Company’s board of directors. It was scheduled to reconvene on Friday, May 12, 2017 but management was unable to solicit sufficient proxies to vote in favour of passing the special resolution and thus the cost of convening the adjourned meeting was not warranted at this time. KWG is also pleased to announce that Bruce Hodgman has been promoted and appointed as a Vice President of the Company …” – a bit more from Hodgman’s LinkedIn profile here

Advertisements

Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: