Archive | Ontario’s Ring of Fire Mineral Discovery

The province is getting in the way of new mines: Study – by Jonathan Migneault (Sudbury Northern Life – January 27, 2016)

http://www.northernlife.ca/

Familiar regulatory barriers hampering nine mining projects in northwest

Exorbitant hydro rates, a myopic First Nations consultation process and an onerous environmental review system — a familiar trio of regulatory barriers — are hampering the development of new mines in northwestern Ontario, a new report says.

Regulatory barriers have halted the development of nine mines in northwestern Ontario since 2010, say the authors of a new report from the Northern Policy Institute.

Those nine proposed mining projects, which include Noront Resources’ Eagle’s Nest and Black Thor projects in the Ring of Fire, and Treasury Metals’ Goliath Gold project, had the potential to create 23,000 jobs and generate an estimated $135.4 billion in wealth, says the mining industry report. Continue Reading →

Ring of Fire, stalled or not? Two MPP’s square off. – by Staff (BayToday.ca – January 27, 2016)

https://www.baytoday.ca/

The Ring of Fire mineral discovery has the potential to be a tremendous boost to Ontario’s rich and long mining economy that goes back to the 1800.

PC MPP Toby Barrett says the Ring of Fire, the world’s largest chromite deposit sits stalled. Michael Gravelle, Minister of Northern Development and Mines disagrees. Because the project could mean huge benefits for North Bay, we present both sides of the argument.

First, here’s MPP Toby Barrett

As a rural southern MPP travelling the North – last week’s pre-budget hearings were my fourth tour over the past year – I am always struck by the commonality we share with our resource-based economies, whether it be farming or forestry, mining or steel. Continue Reading →

KWG Resources turns to China for help in Ring of Fire (Northern Miner – January 21, 2016)

http://www.northernminer.com/

A railway design and engineering company owned by China Rail Construction, one of China’s three major state-owned rail groups, is teaming up with KWG Resources (CNSX: KWG) to study design and financing options for building a railroad to the junior’s chromite deposits in the remote Ring of Fire area of northern Ontario.

KWG’s agent in China, Golden Share Mining Corp. (TSXV: GSH), facilitated the memorandum of understanding between the two companies, and will assist representatives from FSDI travel to Ontario in early March for initial consultations with First Nations groups and other stakeholders.

“This is in part driven by China’s desire to expand their rail construction industry globally,” says Moe Lavigne, KWG’s vice president exploration and development. Continue Reading →

QUICK QUOTE: Ring of Fire is really a Ring of Smoke – Catherine Fife (Thunder Bay Chronicle-Journal – January 21, 2016)

http://www.chroniclejournal.com/

Catherine Fife is the NDP MPP for Kitchener-Waterloo and finance critic.

Fife said. “The third thing is the need for commitment and this government actually following through in what they promise especially around the Ring of Fire. That east-west corridor road that needs to come into play. There is a reason why people refer to the Ring of Fire as the Ring of Smoke. It’s because the Liberals are not following through on their commitment to Northern Ontario.”

Click here for the original source of this quote: http://www.chroniclejournal.com/news/local/mpps-hear-from-groups-during-pre-budget-consultations/article_8f9d69ac-bff2-11e5-9a21-871522233f59.html

KWG and Chinese partner ink MoU for design, financing of RoF railroad – by Henry Lazenby (MiningWeekly.com – January 20, 2016)

http://www.miningweekly.com/page/americas-home

TORONTO (miningweekly.com) – Ring of Fire (RoF) development company KWG Resources has signed a memorandum of understanding with China Railway First Survey & Design Institute Group (FSDI) that establishes the terms for mutually proceeding with a feasibility study for the design and financing of a railroad that will link the emerging RoF mining camp with global markets.

KWG has reported that a delegation of FSDI professionals would travel to Ontario for initial consultations by mid-March.

The right-of-way, staked and assessed by KWG subsidiary Canada Chrome Corporation (CCC), would provide the basic alignment for the route. These claims traversed the traditional territories of the Aroland and Marten Falls First Nations, whom KWG consulted to ensure that the First Nations’ interests were accommodated, before the partners entered into further definitive agreements. Continue Reading →

Ring of Fire: progressing or stalled? – by Alan S. Hale (Timmins Daily Press – January 13, 2016)

http://www.timminspress.com/

Despite criticism for many corners that the provincial government is not doing enough to launch the Ring of Fire chromite development, Northern Affairs and Mines Minister Michael Gravelle argues that the province is making significant headway.

In a letter sent to Premier Kathleen Wynne on Monday to update her on the work he has been doing since 2014 to fulfil his mandate to promote mining and economic development in Northern Ontario, Gravelle pointed to the ongoing negotiations with First Nations near the Ring of Fire as a sign of progress.

Talks with Matawa-member First Nations in the region around the Ring of Fire are continuing, said Gravelle, under the auspices of the Ring of Fire Regional Framework Agreement. Continue Reading →

KWG looks towards the East to finance its proposed Ring of Fire railway – by Henry Lazenby (MiningWeekly.com – January 9, 2016)

http://www.miningweekly.com/page/americas-home

TORONTO (miningweekly.com) – KWG Resources is looking to the Far East to secure funding for its proposed 340 km rail corridor, which the project developer believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario.

“The reason KWG is looking to China to fund its proposed railway line is to increase the odds of securing an offtake partner, which is the critical prerequisite to making the emerging Ring of Fire (RoF) mining camp economically viable. The Chinese are the ultimate offtaker, since they use most of the steelmaking raw material,” said KWG president and CEO Frank Smeenk in an interview with Mining Weekly Online.

He explained that ferrochrome did not have a terminal market place like precious metals did, but instead relied exclusively on contract trading – the same as with iron-ore and coal. Continue Reading →

Ring of Fire junior miner heads to China for infrastructure money – by Ian Ross (Northern Ontario Business – December 31, 2015)

http://www.northernontariobusiness.com/

KWG Resources’ ultimate dream of building a Ring of Fire railroad may have to be realized through a Chinese bank.

A spokesman for the Toronto junior miner is hyping that a “turning point” has been reached that will jumpstart the stalled development process of the untapped mineral belt in Ontario’s Far North.

KWG announced Dec. 29 that a Chinese railroad engineering firm, China Railway First Survey & Design Institute Group, is conducting a feasibility study to determine if it makes economic sense to run rails north to reach the rich chromite and nickel deposits of the James Bay region.

“The odds are extremely high,” said Bruce Hodgman, KWG’s communications director, in categorizing the likelihood of his company securing offshoring financing with a “bankable feasibility study” of KWG’s railroad concept. Continue Reading →

Editorial: Ontario gov’t criticized by Auditor General over Ring of Fire file – by John Cumming (Northern Miner – December 21, 2015)

http://www.northernminer.com/

With the Auditor General of Ontario Bonnie Lysyk newly releasing her Annual Report 2015, it’s been the Ontario government’s mismanagement of the province’s electricity generation system that has grabbed the biggest headlines across the country, but she also has a fair amount of criticism in the report on how the government has overseen mining and mineral investment in Ontario, particularly with respect to the Ring of Fire chromite camp.

Lysyk notes Ontario is Canada’s largest mineral producer, accounting for a quarter of all Canadian production, and has one of the lowest tax rates for miners, and yet the Fraser Institute’s survey of mining and exploration companies ranks Ontario ninth among Canadian provinces and territories in investment attractiveness for mineral exploration.

Some of her criticism isn’t too surprising, and reflects the problems of any large bureaucracy such as Ontario’s Ministry of Northern Development and Mines, which has an annual budget of $41 million and 270 full-time employees. Continue Reading →

Former Ring of Fire negotiator charged in gas plant scandal – by Ian Ross (Northern Ontario Business – December 18, 2015)

http://www.northernontariobusiness.com/

David Livingston, a one-time provincial Ring of Fire negotiator, is one of two top aides of former Premier Dalton McGuinty facing criminal charges over the destruction of government documents related to the controversial cancellation of the two Toronto-area gas plants.

Livingston and Laura Miller are each charged with breach of trust, mischief in relation to data, and misuse of a computer system to commit the offence of mischief.

The charges stem from an OPP investigation into the deletion of thousands of government emails concerning the Liberal government’s decision to the plants prior to the 2011 election. The provincial auditor general determined cost ratepayers more than $1 billion. Continue Reading →

[Ontario] Province backs mining blueprint with cash- by Carl Clutchey (Thunder Bay Chronicle-Journal – December 15, 2015)

http://www.chroniclejournal.com/

After being harshly criticized for doing little to advance Ontario’s mining sector, the province’s mines minister tried to give assurances Monday that his ministry hasn’t been sitting on its hands.

Northern Development and Mines Minister Michael Gravelle said his department has earmarked $5 million so that junior companies can make headway on exploration projects. The money is part of a “renewed” provincial mineral development strategy that first surfaced in 2006.

Gravelle touted the renewed 10-point strategy as “a blueprint for how we will help the sector address the challenges of today and position it to grow and attract investment in the future.” Continue Reading →

Updated mineral strategy to provide more certainty, say mining reps – by Jonathan Migneault (Sudbury Northern Life – December 13, 2015)

http://www.northernlife.ca/

Mining industry representatives said they are hopeful Ontario’s updated Mineral Development Strategy, which was released Dec. 11 in Sudbury, will provide more certainty for the sector.

“Certainty is important,” said Garry Clark, executive director of the Ontario Prospectors Association. “If you have a good framework within the mineral development strategy that framework actually gives you the certainty to move forward.”

In a related announcement Friday, Clark and his association benefited from a $5 million investment from the Northern Ontario Heritage Fund Corporation to create a Junior Exploration Assistance Program, that would provide support for mineral exploration projects. Continue Reading →

New mining strategy unveiled in Sudbury – by Carol Mulligan (Sudbury Star – December 12, 2015)

http://www.thesudburystar.com/

Ontario’s renewed mineral development strategy sends a message to Canada and around the globe that Ontario is open to the world when it comes to mining, and that it wants to be the global leader in sustainable mineral development.

Northern Development and Mines Minister Michael Gravelle presented the strategy, which updates the original one released in 2006, to about 75 people crammed into the lobby of Dynamic Earth on Friday morning.

The mining sector is “absolutely vital” to Ontario’s prosperity and “who we are as northerners,” said the Thunder Bay-Superior North MPP. Continue Reading →

Could China be the answer to Ring of Fire infrastructure woes? – by Jax Jacobsen (SNL.com – December 9, 2015)

https://www.snl.com/

China is making a grab for chromite in Ontario’s Ring of Fire, with a state-owned enterprise preparing to launch a feasibility study on a railway that would link the remote region with other transport infrastructure and enable the export of resources.

Beijing has been aggressive in securing access to resources worldwide, pursuing deals of this sort from developing nations such as the Democratic Republic of Congo and Peru to construct railways, roads and ports in return for access to minerals the country needs to fuel its continuing growth.

Latin American exports to China increased from US$11 billion in 2003 to nearly US$106 billion in 2013, the bulk of those exports being minerals. In turn, China lent Latin American countries approximately US$98 billion in loans from 2005 to 2018, according to research from BBVA, a multinational Spanish banking conglomerate. Continue Reading →

When will the province take Ring of Fire seriously? – by Editorial (Sudbury Star – December 9, 2015)

http://www.thesudburystar.com/

Imagine, ifyou will, that it’s 1888, five years after Tom Flanigan discovered nickel ore during the blasting and excavation needed to build the Canadian Pacific Railway through what is now Sudbury.

The McGuinty-Wynne Liberals are in charge, with Michael Gravelle serving as the minister of Northern Development and Mines.

The premier and almost everyone else agrees the find is exceptional, once in a generation. Sudbury could create tens of thousands of new jobs, and billions in profits and taxes. Continue Reading →