Archive | Chromium/Platinum Group Metals

Consultation needed before any development in Ring of Fire: Grand Chief – by Joshua Santos (Timmins Times – September 18, 2018)

https://www.timminstimes.com/

First Nations want to be involved not, not after the fact.

Mining companies and politicians shouldn’t get too far ahead of themselves discussing development within the Ring of Fire, says the grand chief of a regional First Nations council.

While there has been much talk about its mineral riches, Indigenous communities within that area want more consultation before development begins, says Mushkegowuk Grand Chief Jonathan Solomon.

“We have talked about it in our council, the Mushkegowuk Council with the First Nations communities,” said Solomon. “The legal advice we got from our lawyers is, ‘You have a position now to demand a full involvement in the environment assessment (EA) processes.’” Continue Reading →

What’s the plan for the Ring of Fire?: Exit of province’s lead negotiator has Matawa chiefs waiting on Ford government’s next move – by Ian Ross (Northern Ontario Business – September 5, 2018)

https://www.northernontariobusiness.com/

The elimination of the province’s main negotiator in the Ring of Fire consultation process has the head of a northwestern Ontario First Nation tribal council waiting on the Ford government and Northern Ontario cabinet minister Greg Rickford to make the next move.

A Toronto media report claimed Justice Frank Iacobucci was axed by the Ford government in a purge of former government officials appointed under the previous Wynne government.

Iacobucci represented the province in the Regional Framework Agreement process initiated by the Wynne government in April 2014. David Paul Achneepineskum, CEO of Matawa First Nations Management, representing the nine Matawa First Nations, had a wait-and-see response in a statement released Sept. 5. Continue Reading →

[South Africa Ferrochrome] Treasury must abandon carbon tax plan in light of IRP – by Martin Creamer (MiningWeekly.com – September 4, 2018)

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion.

This is the consensus of opinion canvassed by Mining Weekly Online following last Friday’s release of the Integrated Resource Plan (IRP).

With the IRP enhancing the prospect of carbon emission reduction because of the backing it gives to renewable energy, Treasury’s continued insistence on the imposition of carbon tax is being seen as superfluous. The main purpose of the carbon tax is to generate funding for research and development into carbon emission reduction, which the IRP now promises. Continue Reading →

Noront continues research into Sault, Timmins – by Elaine Della-Mattia (Sault Star – August 27, 2018)

https://www.saultstar.com/

Negotiations are continuing between Noront Resources and Algoma to determine whether an agreement can be reached that would see the development of a ferrochrome facility on the steelmaker’s property.

The key now is for Noront to complete its due diligence to determine how a production facility would be situated on the Algoma property site. It also needs to determine what shared services it can cobble with Algoma and determine what the strategic advantages would be to do that.

NorOnt president and CEO Alan Coutts said both the Sault Ste. Marie and Timmins locations have really good sites and supportive municipalities. The decision will hinge on the commercial arrangement that can be negotiated with the property owners, Coutts said in a telephone interview. He said Noront has spoken to the secured creditors and that team has encouraged talks to continue with Algoma’s management team. Continue Reading →

Chinese investors plan $10bn metallurgical complex for SA (CNBC Africa – July 27, 2018)

https://www.cnbcafrica.com/

Johannesburg: Reuters – Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping’s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters.

South Africa’s President Cyril Ramaphosa said at a joint news conference with Xi on Tuesday that China had committed to invest $14.7 billion in the South African economy, but neither leader mentioned the $10 billion complex.

Ramaphosa is on a mission to kick-start economic growth after a decade of stagnation and is targeting $100 billion in new investment over five years. The complex, which is still in the planning stage and envisages building a stainless steel plant, a ferrochrome plant and a silicomanganese plant, is a much-needed vote of confidence in the sputtering South African economy. Continue Reading →

Competition stays hot for Ring of Fire processing plant – by Ian Ross (Northern Ontario Business – July 26, 2018)

https://www.northernontariobusiness.com/

Noront Resources boss offers insight into ferrochrome facility selection process

Alan Coutts is dragging out the suspense to find a Northern Ontario home for a Ring of Fire ferrochrome production plant for just a few more months.

The president-CEO of Noront Resources wants to keep the competitive process going to get the best deal possible to place the Toronto mine developer’s $1-billion smelter project in either Sault Ste. Marie or Timmins.

Instead of announcing a landing spot for its plant this summer, the company decided to drop Sudbury and Thunder Bay from its four-city bidding process, and is punting its final decision toward the end of this year. Continue Reading →

Sault claims political edge in bid for Noront plant – by Elaine Della-Matti (Sault Star/Timmins Daily Press – July 24, 2018)

http://www.timminspress.com/

SAULT STE. MARIE – All hands on deck. That’s the message Sault Ste. Marie politicians are sending to Noront Resources as the city is one of two communities shortlisted for a ferrochrome facility.

The other is Timmins. While the next step is up to Noront and Algoma to reach a contractual agreement or memorandum of understanding detailing how the two companies would work together, politicians are offering their support to the parties.

An agreement between the two companies will need to outline commercial terms and conditions as well as services Noront and Algoma could potentially share or participate in. Continue Reading →

Sault Ste. Marie, Timmins mayors on being shortlisted for Noront ferrochrome smelter (CBC News Canada – July 19, 2019)

https://www.cbc.ca/news/canada/

Two northern cities now squaring off to lure billion dollar investment

Two small northern cities, one billion-dollar investment. That’s how mayors from Sault Ste. Marie and TImmins are looking at it, after mining giant Noront Resources announced the location of its proposed ferrochrome smelter would be one of the two cities.

Earlier in July, Sudbury and Thunder Bay were eliminated from the hunt. Timmins Mayor Steve Black is confident his city shows well. The proposed location is the Kidd Metallurgical Site, an active site currently used for concentrate.

He also understands what his city has to gain if Noront selects Timmins. “I think everyone has made it aware that it’s a game changer,” Black told CBC’s Up North. “It’s several hundred jobs for several decades ahead.” Continue Reading →

Mayor optimistic after Timmins makes Noront shortlist – by Len Gillis (Timmins Daily Press – July 17, 2018)

http://www.timminspress.com/

TIMMINS – Timmins Mayor Steve Black said he is confident and optimistic that Timmins is still offering the best possible solution for Noront Resources Inc. in its bid to find a new ferrochrome processing facility. It was only Friday that Noront revealed that Timmins was one of two communities that made the new shortlist for consideration for a new facility.

Timmins had been one of four Northern Ontario cities in the running as a possible site for Noront’s future plans. Noront is the company with the largest area of active mining claims in the Ring of Fire area, which is touted to have $50-billion worth of chromite, nickel and other valuable minerals.

While the mining prospect is still a few years away from development, Noront has been actively seeking a Northern Ontario community where a ferrochrome facility could be located. Timmins, Thunder Bay, Sudbury and Sault Ste. Marie were all being considered. Continue Reading →

Sault, Timmins still in hunt for smelter – by Brian Kelly (Sault Star/Sudbury Star – July 14, 2018)

http://www.thesudburystar.com/

Sault Ste. Marie is one of two Northern Ontario communities still being considered for Noront’s ferrochrome processing facility. The company announced late Friday afternoon Sudbury and Thunder Bay are no longer prospective locations.

Timmins also remains a candidate for a project that’s expected to create 300 to 500 direct and 1,000 indirect jobs. “I think we just need to keep working and recognize that this is a process,” Mayor Christian Provenzano told The Sault Star on Friday. “It’s quite a lengthy process. We will just keep focused on it and we will keep doing our best to encourage business to locate to Sault Ste. Marie.”

The final phase of Noront’s site selection process, now underway, centres on “substantial negotiations” with owners of the two favoured sites. In the Sault, that’s Algoma. Continue Reading →

Noront shortlists Sault and Timmins as potential sites for ferrochrome smelter – by Ian Ross (Northern Ontario Business – July 13, 2018)

https://www.northernontariobusiness.com/

Noront Resources has narrowed its search for a Northern Ontario host community for a future $1-billion ferrochrome smelter to Sault Ste. Marie and Timmins.

Thunder Bay and Sudbury have been removed from consideration for a ferrochrome production facility, the company announced late on the afternoon of July 13. The four Northern Ontario cities submitted their bids early last February.

Noront employed Hatch Engineering to help them with the evaluation process based on environmental and site suitability, capital costs, operating costs and an assessment of community acceptance of hosting the facility. Continue Reading →

[Ontario Mining] NORONT NEWS RELEASE: Update on Noront Ferrochrome Production Facility

TORONTO, July 13, 2018 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture:NOT) today announced that it has reduced the choice of prospective locations for its proposed ferrochrome production facility (FPF) to two Northern Ontario cities: Timmins or Sault Ste. Marie. Both Thunder Bay and Sudbury have been removed from further consideration.

Four communities participated in the bidding process which began in February 2018. The submissions were evaluated based on a comprehensive set of criteria determined by Noront and the engineering firm Hatch which was engaged to assist in the adjudication process. Critical factors included environmental and site suitability, capital costs, operating costs and an assessment of community acceptance of hosting the facility.

“The quality of the submissions was outstanding and demonstrated a significant effort by each of the communities involved,” said Noront President and CEO Alan Coutts. “They each provided a compelling case that illustrated the merits of their location as a host for the ferrochrome production facility.” Continue Reading →

Chromium to see ‘continued robust demand growth’ on a global level (Proactive Investors Stocktube – July 9, 2018)

 https://roskill.com/market-report/chromium/

Nils Backeberg, senior analyst at Roskill, chats to Proactive Investors about his just released Chromium Global Industry, Markets & Outlook report. He says while Chrome ore prices have seen continued volatility over the last few years they’ve begun to stabilise – oscillating around US$200/t during the first half of this year.

South Africa is by far the largest-producing country for chromite, accounting for more than half of the global total. Backeberg adds that Chinese demand for stainless steel’s expected to continue to grow strongly over the next decade, meaning continued robust demand growth for chromium. Continue Reading →

Algoma University joins alliance, jumps into mining research – by James Hopkin (Soo Today – July 10, 2018)

https://www.sootoday.com/

Pan-Northern Mining Research Alliance conceived to address challenges in mining sector

The Pan-Northern Mining Research Alliance (PNMRA) will be meeting in Sault Ste. Marie this fall to identify and communicate its funding needs to both federal and provincial governments.

The alliance – which counts Algoma University and Sault College as members – is a collaborative effort between ten post-secondary institutions in northern Ontario.

“The alliance is going to seek industry engagement, supports and collaboration through targeted research opportunities,” said Dr. Pedro Antunes, who is the executive research lead and Canada Research Chair at Algoma University. “The idea is to positively influence government priorities and industry needs that will benefit all of northern Ontario.” Continue Reading →

Noront smelter decision 3-4 months away – by Staff (Sudbur Star – July 11, 2018)

http://www.thesudburystar.com/

Noront is moving forward with the selection process for the new ferrochrome smelter and should announce the host community within the next three to four months. In a release, the company said it has retained Hatch, a Mississauga-based engineering and consulting company, to assist in adjudicating four bids it has received.

“Next steps include calculating indicative capital and operating costs, and reviewing these alongside community and First Nations support, site appropriateness, environmental factors, access to a skilled workforce and other elements,” Noront said.

“Near the conclusion of this detailed analysis, Noront will engage directly with the owners of the favoured site(s) to come to a mutually agreeable commercial arrangement for the use of the property.” Continue Reading →