A company with a stake in the Ring of Fire says the way to get the far north development to “come alive” is by doing business with the United States.
KWG Resources president Frank Smeenk told Postmedia that it’s time to look at the political realities of today and the future and the regulatory environments and what it all means to the massive mining development for the Ring of Fire.
KWG Resources is a mining exploration company with some land claim rights in the Ring of Fire. It wants to ensure that the mineral deposits extracted from the Ring of Fire — expected to last 100 years — are not subject to political whims in the future. Smeenk said his plan is to advance his ideas and concepts to supporters at an event to be held in Toronto on April 5.
The event, advertised on EventBrite, includes invitations to Ontario Progressive Conservative Party leader Doug Ford, MPP Maxime Bernier, opposition critic for innovation, science and economic development and Missanabie Cree Chief Jason Gauthier.
The event is billed as a plan “to review the virtues of making ferrochrome in Sault Ste. Marie, Michigan, for a new North American stainless-steel supply joint-venture with Sault Ste. Marie, Ontario.”
Smeenk says that the recent protectionist tone in the United States by President Donald Trump “provides a good opportunity to look at options of joining forces to make stainless steel and stainless steel primary products there because we have advantages to other places in the world.”
But neither Sault, Ont., nor Sault, Mich., stakeholders have any knowledge about KWG’s ‘joint venture’ plan and only recently learned of the planned event through third parties.
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