There could be battle shaping up on who gets first dibs on the government infrastructure money that has been promised for the Ring Of Fire mining development in far Northern Ontario.
Speaking out the annual convention of the Prospectors and Developers Association of Canada (PDAC) now on in Toronto, Alan Coutts said his company is ready to move ahead with an all-season road for the project.
Coutts is the president and CEO of Noront Resources Ltd., one of the major players in the Ring Of Fire venture a large mining development located about 600 kilometres northwest of Timmins, in the remote McFaulds Lake area. The prospect is identified mainly as a chromite project, valued in the tens of billions of dollars.
Monday’s announcement by Coutts is at odds with an announcement made earlier this year by KWG Resources Inc, the other big player at the Ring Of Fire.