Established in 1980, Northern Ontario Business provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North. Ian Ross is the editor of Northern Ontario Business ianross@nob.on.ca and this article is from the June, 2011 issue.
Junior miner proposes a separate James Bay lowlands power grid
If the Ontario government can’t supply competitively-priced industrial power, one Ring of Fire mining executive proposes going off the grid.
Moe Lavigne, vice-president of exploration and development for KWG Resources, said the price of public power is the determining factor on where the ferrochrome mineral processing will be located.
“We’re not a big player,” said Lavigne, “but we’re the only player in the Ring of Fire that understands the chromite industry, and we’re going to present our view of how we think it would be done in a perfect world.”
KWG Resources has a 28 per cent stake in the high grade Big Daddy chromite deposit in the James Bay lowlands. In April, the company released a preliminary economic assessment (PEA) that recommends moving its remote deposit closer down the path toward production and into the feasibility study phase.