TIMMINS – If and when the Ring Of Fire mining development takes off, Ontario Northland is ready to get the wheels rolling and show them how to run a railway. That was the message from Ontario Northland president and CEO Corina Moore, who spoke in Timmins at the FONOM conference earlier this month.
Moore was in Timmins to give municipal leaders an update on the provincially-owned transportation company, which provides rail freight service, limited rail passenger service and bus passenger service across Northeastern Ontario.
The Ring Of Fire is a mining prospect located near Webequie and McFaulds Lake about 600 kilometres northwest of Timmins. The venture is identified mainly as a chromite project, valued in the tens of billions of dollars. There are huge deposits of other metals there too, but so far none of the significant mining companies involved has moved forward with any sort of a mining operation because market prices are too low. KWG Resources Inc. and Noront Resources are the main players in the project.
KWG, a Canadian mining exploration company, has worked out a deal with China Railway First Survey and Design Institute (FSDI) for a feasibility study on a railway corridor into the project. In the meantime, Noront, also a Canadian firm, is pushing the idea of creating a year-round all-season road into the Ring Of Fire area, which would at the same time connect many of the isolated First Nations communities located nearby.
Moore told the audience in Timmins there is no firm indication, one way or the other, what is going to happen.
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