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Ontario Mining

Copper’s big comeback [Quadra FNX Derek White Interview] by Toronto Star Business Reporter Lisa Wright (Originally published December 19, 2010)

Lisa Wright is a business reporter with the Toronto Star, which has the largest circulation in Canada. The paper has an enormous impact on Canada’s federal and provincial politics as well as shaping public opinion. This article was originally published December 19, 2010.

 “Underneath the nickel contact zone [in Sudbury] are these amazing copper deposits. And
when I say amazing, I mean three times the grade of the Congo. These are high, high grades.
Generally speaking in copper mining, a big open pit mine with 1 per cent would be a world
class, great type of deposit. We’re mining on average 9 per cent but sometimes up
to 20 per cent.” (Quadra FNX Derek White – Dec/19/10)

With prices soaring, Canadian miners like Quadra FNX are back on the radar

There’s an old saw that over every bull market is a copper roof – and beneath every bear market is a copper trough.

In other words, the price of copper is a reliable barometer of market strength.

The industrial metal is considered one of the best signals of economic activity since it’s the bloodline of electrical conductivity and a key component in all construction.

Copper is soaring to the rooftop again with the red-hot base metal hitting a record $4.18 (U.S.) a pound in New York last week. The last time it came this close to a record high was just before the economy hit the skids in 2008, which then promptly dragged it down to a lowly $1 a pound.

The high price is not great news for big buyers like China. Nor is it nice for churches, cemeteries and cars, which have become targets lately for their scrap copper content, which thieves sell on the Asian black market as a substitute for the expensive stuff.

But it bodes well for copper mining companies like Quadra FNX Mining Ltd., which formed after the merger of Vancouver’s Quadra and Toronto’s FNX last May to become a leading producer of the rusty red metal.

The Toronto miner hopes to capitalize on continuing high copper prices with its coveted Sierra Gorda site in northern Chile, which will cost an estimated $2.5 billion to build into a mine. The growing firm has many suitors knocking on its door to get a piece of this potentially large copper development, which could be up and running by early 2014.

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Ring of Fire’s Noront Resources Brings Santa and Hockey Stars to First Nation Community of Webequie

Todd Hlushko with Webequie youth during Noront hockey clinic - photo by Kaitlyn Ferris
 
This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.
 
 
For video footage of the Noront Reources Christmas trip to Webequie: http://www.mikawaa.com/christmascard2010/

 

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Ontario Mining Association member Noront Resources employed a little magic to fly in Santa bearing gifts and two former National Hockey League stars to Webequie last week.  Webequie, which has no year round road connections and a population of 800, is located 540 kilometres north of Thunder Bay.

“This is the second year for the Noront Christmas Cheer Event in which every child in the community under the age of 12 receives a gift,” said Leanne Hall, Vice President Human Resources and “special assistant” to Noront’s Santa.  “We started in 2009 giving gifts to children instead of sending cards to help make the children feel special and this year we provided 200 gifts in Webequie.”

It is estimated that $155 million have been invested in mineral exploration in
the Ring of Fire area. In Canada, mining is the largest private sector employer
of Aboriginals, who comprise 7.5% of the mining workforce — up from 3.6% in 2006.
– Ontario Mining Association – December 22, 2010

Former NHL players Todd Harvey and Todd Hlushko came with Santa on the flight from Thunder Bay.  They spoke with students and stressed the “stay in school and believe in yourself” message, signed autographs and showed evidence of their sporting success.  Mr. Harvey, who was born in Hamilton, won gold medals in 1994 and 1995 at the World Junior Hockey championships and Mr. Hlushko, who was born in Guelph, won the Olympic silver medal in hockey in 1994.  As well as playing for different NHL teams, Mr. Hlushko played for a number of years for teams in Germany.

Todd Hlushko and Todd Harvey with Webequie child - Photo by Engage Learning

 

“I had never visited a community like Webequie before,” said Mr. Harvey.  “It was an outdoor rink and we had to shovel off the snow before skating.  It was old school, like pond hockey, and through the day we probably had a couple of hundred kids on the ice.  We ran clinics concentrating on skating, stick handling and shooting and also had a community skate.”

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Timmins Unhappy With Canadian Hall of Fame Gold Discoverers Exclusions – by Gregory Reynolds

This column was originally published in the Late Summer, 2010 issue of Highgrader Magazine which is committed to serve the interests of northerners by bringing the issues, concerns and culture of the north to the world through the writings and art of award-winning journalists as well as talented freelance artists, writers and photographers.

Timmins Owes its Very Existence to Six Men Not Three!

Timmins city clerk Jack Watson says with a note of bitterness in his voice:
“We submitted all six and were upset with the decision. We appealed but lost.”

The community that calls itself The City With a Heart of Gold has every right to the motto because literally the ground beneath it, the heart of Mother Earth, has arteries of gold.

There has been gold production in Timmins continuously since 1910 and it will continue for  many more decades. There is no reason for a thriving modern city to be located in the middle of nowhere; there is no port to support international trade, no junction of railways, no meeting of highways that is a destination point.

Yet, Timmins is in the midst of a four-year celebration of 100 years of history and achievements.

No achievement was greater than the exploits of these six men: Sandy McIntyre, Hans Buttner, Harry Preston, John (Jack) Wilson, Benny Hollinger and Alex Gillies.

They discovered in 1909 the gold deposits that became the Big Three producers in Canadian mining history, the Dome (1910-still in production), the Hollinger (1910-1968) and the McIntyre (1912-1988).

Yet earlier this year the Canadian Mining Hall of Fame inducted just three of the six into its illustrious membership. Wilson and Harry Preston found the gold outcrop that was to become the Dome or as its workers fondly called it, The Big Dome. Only Wilson made into the Hall.

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Ontario Government News Release: Investment, Chromite Top Agenda For Premier In Hong Kong – November 3, 2010

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

McGuinty Meets with Chairman Li Ka-shing and CEO Eric Huang

Leaders from Hong Kong’s business community met Ontario Premier Dalton McGuinty and ministers Sandra Pupatello and Michael Chan to discuss investment opportunities in Ontario.

Premier McGuinty spoke at a reception hosted by the Canada-Hong Kong Chamber of Commerce. Guests included leaders in mining and financial services. McGuinty credited Ontario’s strong financial services sector for helping it weather the global recession better than most other economies. He also talked about the government’s plans to develop the Ring of Fire, an area in Northern Ontario that contains one of the world’s largest chromite deposits.

Guests also included representatives from Hong Kong universities who came to learn about Ontario’s plans to boost international enrolment in postsecondary institutions by 50 per cent over the next five years.

Earlier, Premier McGuinty met with Li Ka-shing, Chairman of Cheung Kong Limited and Hutchison Whampoa. The Premier and Mr. Li discussed Ontario as a growing North American location for new investment and trade. McGuinty also met with Eric Huang, CEO of CITIC Merchant Bank.

Premier McGuinty also honoured Canadian soldiers at Sai Wan War Cemetery, resting place for soldiers who died in the defence of Hong Kong during the Second World War. McGuinty laid a wreath to honour the over 550 Canadian soldiers who died, 22 of whom were from Ontario.

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[Ontario Mining] Losing Ground – Karen Mazurkewich (Originally published in Financial Post Magazine, April 2010 issue)

The National Post is Canada’s second largest national paper. article was originally published in the Financial Post Magazine’s April, 2010 issue.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Ontario Premier Dalton McGuinty, who stated in a February news conference that “we are not going to succeed in Ontario by pulling stuff out of the ground,” has changed his tune. “There is a tremendous amount of excitement over the economic potential of the Ring of Fire,” says Michael Gravelle, Ontario’s Minister of Northern Development, Mines and Forestry.

In Bygone Days, Good Bush Gear And Decent Maps Were A Mining Firm’s Greatest Assets. Today, Regulation And Bureaucracy Rule The Industry. Is Canada Paying The Price?

Don McKinnon, a grizzled prospector from Timmins, Ont., sports a whopping gold nugget on his finger — proof of his prodigious finds. The 80-year-old owns a stake in the nearby Hemlo gold mine and is still very much a player in the Canadian mining industry. He remembers when the staking was hard and the regulations were easy. To get a leg up on the competition, the hoary miner wasn’t above “dirty tricks” like buying up all the mine ministry maps in town. McKinnon still displays the 40 pairs of snowshoes he bought in the winter of ’79 to thwart competing prospectors during the Hemlo staking rush, and tells tales of being stalked by polar bears in the Far North.

But ask him his thoughts on the industry today, and he simply growls: “it’s tougher.” These days, McKinnon leaves the finer points of the mining business to his 27-year-old son, Gordon, president of Canadian Orebodies Inc., which has large claims in the James Bay Lowlands. The younger McKinnon doesn’t spend nights in the bush with a pick-axe. To be a player, junior miners need ample knowledge of stock market and the ability to negotiate impact benefit agreements with First Nations. In Gordon’s case, the list also includes overseeing an survey on caribou migratory patterns — a project he funded as part of an exploration deal in northern Ontario.

While his father still relies on his massive collection of topographical maps, Gordon eagerly awaits Ontario’s new regulations that permit online mapping. It’s staking made simple, but at a price: more bureaucracy. He processes more paper in a week than his father did in a year. “Before, the government saw a new mine as a new revenue stream; now they put us through hoops,” says the younger McKinnon.

Mining was the early economic engine of this nation, and swaths of Bay Street’s wealth can be traced back to prior generations of wheeler-dealers.

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Double-talk Dalton McGuinty [About Ontario Mining]- by Toronto Sun Columnist Christina Blizzard (Originally Published March 09, 2010)

Christina Blizzard is the Queen’s Park columnist for the Toronto Sun, the city’s daily tabloid newspaper.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

“In a highly competitive, knowledge-based global economy, we are not going succeed in
Ontario by pulling stuff out of the ground.” – Ontario Premier Dalton McGuinty, Feb/11/2010

Premier Dalton McGuinty just pulled off the fastest head spin since Linda Blair grossed us all out in The Exorcist.

One minute the premier thought mining was a dying industry. The next, it’s alive and saving the economy.

In a news conference Feb. 11, McGuinty had this to say: “In a highly competitive, knowledge-based global economy, we are not going succeed in Ontario by pulling stuff out of the ground.

“Our natural resource sector is very important to us but we know that future growth will come on the basis of the development of our imaginations in innovative capacities.”

By Monday’s throne speech, McGuinty had put his imagination to good use — and changed his mind.

His message was mining will save the beleaguered northern economy.

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Ontario Shines as Canada’s Diamond Capital

This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.

Ontario is home to more diamond projects than any other jurisdiction in Canada.  While Ontario has one producing diamond operation, De Beers Canada’s Victor Mine near Attawapiskat, it is home to 131, or 24% of all diamond projects in the country.  There are more than 533 active diamond projects in Canada ranging from grassroots exploration to advanced development to producing mines.

Following Ontario, the Northwest Territories hosts 111 diamond projects, or 20% of the Canadian total, and Nunavut hosts 100 diamond projects, or 19% of the national total. Quebec is home to 84 diamond projects, or 16% of the total.  Following in order of diamond activity are Saskatchewan, Alberta, British Columbia and Yukon Territory.

The total number of companies exploring for diamonds in Canada is 252 and 180 of those companies are listed on stock exchanges.  There are four operating diamond mines in Canada – Diavik, Ekati and Snap Lake in the Northwest Territories and Victor in Ontario.

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Will Ring Of Fire Ever Burn? – by Terence Corcoran, Financial Post Editor (April/2010)

The National Post is Canada’s second largest national paper. Terence Corcoran’s editorial opinion was originally published in the Financial Post Magazine’s April, 2010 issue.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Canada’s mining history is full of characters. But a modern award for promotional ingenuity goes to Richard Nemis, the veteran prospecting whiz who came up with “Ring of Fire” as the name for the latest Ontario mining rush. (Terence Corcoran – April, 2010)

Through the summer of 1967, while my hometown, Montreal, hosted Expo ’67, I was elsewhere. Most of the time I was 4,200 feet underground working as an “apprentice miner” at the famed Kerr Addison gold mine in Northern Ontario. Even at that time, the Kerr Addison, while a legendary gold producer, was considered a has-been. Located in Virginiatown, about 50 kilometres east of the great gold centre at Kirkland Lake, the Kerr Addison was a hard-rock stope operation. We would board the cage at ground level for the long and rickety descent, then take a battery-powered ore mover through black tunnels to our stopes where, lit only by our head lamps, we drilled and blasted grey-green rock faces. The next shift we’d return to muck the rock away and drag in heavy six-foot timbers to build supports and prevent cave-ins. Then we’d drill and blast again.

I wasn’t much of miner, but I could lift and move stuff around, which is what apprentice miners do. The first gold was mined at Kerr Addison in 1913, and over its spectacular life it produced 11 million ounces. Since the first gold rush in 1906, the Kirkland Lake gold mining area — of which Kerr Addison was part — produced almost 37-million ounces of gold, worth more than $37 billion at today’s prices.

Will Ontario, or any part of Canada, ever see such mining-sector productivity and wealth creation again? The test will be the Ring of Fire.

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Ontario’s Mining Sector Booms in a Slow-Growing Provincial Economy

This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.

New mines and mine expansions are reinforcing the mineral sector’s role in the foundation of Ontario’s economy.  Ontario’s economy is going through the pains of transformation as it moves from a manufacturing base to a service and knowledge base.  However, as when there was an earlier shift from agriculture to manufacturing, mining was there to cushion the adjustment and help society adapt.

Currently, mining companies are proceeding with major growth plans in many parts of the province.  If we look back two years and forward about three, an incomplete list will show that mining is investing more than $8.5 billion in capital expenditures – this is in addition to operating expenditures and exploration activities.  We are not sure other private sectors of the economy can match this level of recent activity on the capital spending front.

De Beers Canada made capital expenditures of $1 billion to bring the Victor Mine, near Attawapiskat, Ontario’s first diamond mine, into production in 2008.  The Victor Mine is expected to have a positive impact on Ontario’s Gross Domestic Product (GDP) of $6.7 billion and a $4.2 billion GDP contribution to the economy of Northern Ontario.  Xstrata Nickel invested $927 million to bring its Nickel Rim South mine in Sudbury into operation in 2009.

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Ring of Fire Junior Probe Mines Takes the High—and Hard—Ground – by Michael Schwartz

This Corporate Profile Advertorial about Probe Mines originally appeared in the Fall/Winter 2010 issue of the Ontario Prospector magazine which is produced by the Ontario Prospectors Association and published by Naylor (Canada) Inc.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

The End of a Joint Venture and 875 Claims Around McFauld’s Lake Make for Exciting Times

No fewer than 875 claims covering around 14,000 hectares mean that Probe Mines controls one of the larger land packages in the McFauld’s Lake greenstone belt stratigraphy. Probe operates four projects in the McFauld’s Lake area: Victory, which is the largest, Tamarack, McFauld’s West and Black Creek. Each offers a unique setting and unique potential within the Ring of Fire.

Probe Mines is confident in its success to date. Its major presence has led to interests in a full range of metals: chromite, nickel, copper, Platinum Group Metals (PGM), base metal Volcanogenic Massive Sulphide (VMS), gold and vanadium. Tamarack and Black Creek have demonstrated their potential with the discovery of Cu-rich VMS mineralization and chromite respectively.

In addition to the chromite discovery on Black Creek, considerable untested potential remains on its other properties. They are exactly what Probe Mines CEO David Palmer describes as “grass-roots projects where no major discovery has been made but where the company feels there is still substantial potential for further exploration.”

Probe’s projects lie in sparsely vegetated and subdued topography over a 100 km belt in the James Bay Lowlands of Northern Ontario. Very little is known about the geology of the McFauld’s Lake area and most of what is known has come from the company’s own exploration.

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Ring of Fire – A Mine Project That Will Transform the Far North – Ian Ross

Established in 1980, Northern Ontario Business  provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North. This article was published in the December, 2010 issue.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Two years ago, the Ring of Fire was a hot high-grade chromite discovery resigned to the back pages of the business section.

It had a quirky name inspired by the crescent shape of the mining claims laid down in the swamps of the James Bay lowlands and a Noront Resource’s mining executive’s affinity for all things Johnny Cash.

Then along came a deep-pocketed miner called Cliffs Natural Resources. The Ohio-based international iron ore and coal company has a keen interest in breaking into the stainless steel business and has blue sky ambitions for Ontario’s Far North.

The socio-economic impact for the region, especially for impoverished First Nation
people, will be simply transformational for generations to come.

What has been found, in the muskeg is the stuff of top-secret, high-level boardroom discussions and plenty of chatter in the communities that stand to benefit from a potential $2-billion mine, processing and railroad project.

The mineral potential at McFaulds Lake has been compared to the groundbreaking discoveries of nickel, copper and gold in the early 1900s that opened up the North and forever changed Ontario’s economy.

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Consultation Integral to Ontario Mining Act Changes – Michael Gravelle

Michael Gravelle is the Ontario Minister of Northern Development, Mines and Forestry www.mndmf.gov.on.ca

To remain at the forefront in a highly competitive global marketplace, we need to be open — open to change and open for discussion. Ontario’s Mining Act Modernization is an example of our government’s willingness to do both.

The Mining Act is introducing effective changes that will help keep our mining industry competitive and responsive. These changes will help strengthen our mining industry, while respecting aboriginal and treaty rights, as well as the rights of individual property owners.

Over the past year, we have been discussing with you how to adopt those changes into government regulations. I cannot emphasize enough how important those discussions have been. Ongoing open dialogue is vital to the process of developing effective regulations. That’s why we have made that a priority.

We spent nine months meeting with over 500 members of industry, aboriginal communities, non-governmental organizations, municipal representatives and private land owners.

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Sudbury’s Mining Suppliers ‘Well Placed’ to Benefit From Ring of Fire – by Ian Ross

Established in 1980, Northern Ontario Business  provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

The executive director of the Sudbury Area Mining Supply and Service Association (SAMSSA) said he’s cautiously optimistic about the opportunities his members may have through high-grade nickel-copper and chromite deposits in the James Bay region known as the “Ring of Fire.”

Dick DeStefano was among those who attended a speech by Wes Hanson, Noront Resources’ president and CEO at a Greater Sudbury Chamber of Commerce luncheon in Copper Cliff Nov. 26.

Hanson outlined the junior mining company’s preliminary plans for a massive underground mine and milling complex beneath the swamps of the James Bay Lowlands.

McFauld’s Lake and the James Bay region is a breadbasket of chromite, nickel, copper, gold, platinum and palladium. Noront is the largest landholder with 120,000 hectares, including its flagship Eagle’s Nest deposit, located 300 kilometres west of DeBeers Canada’s Victor diamond mine.

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Ontario’s Resilient Northwest Banks on Education, Public Sector and Ring of Fire Mining Developments – by Livio Di Matteo

Livio Di Matteo is a Professor of Economics at Thunder Bay’s Lakehead University where he has taught since 1990.  His research has explored the sustainability of provincial government health spending, historical wealth and asset holding and economic performance and institutions in Northwestern Ontario and the central North American economic region. He writes and comments on public policy and his articles have appeared in the National Post, Toronto Star, the Winnipeg Free Press and Thunder Bay Chronicle-Journal. Mr. Di Matteo has started an Economics Blog at http://ldimatte.shawwebspace.ca/

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

According to the Stockholm Resilience Center (www.stockholmresilience.org), the concept of resilience refers to the capacity of a social-ecological system to withstand perturbations from various types of shock and to then renew itself afterwards.  In other words, if a system is resilient, it can deal with change.  The forest crisis in Northwestern Ontario was a major economic shock to the region’s economy that resulted in massive employment losses and yet if one looks at the region’s economy and especially its major center – Thunder Bay – one cannot help but notice the resilience of the economy. 

Thunder Bay, which has seen three of its four pulp mills close and numerous sawmill job losses over the period 2003-2009, has witnessed increases in many indicators of economic activity suggesting that the economy has been able to adapt to the shock of the forest sector loss.

The relatively resilient economy in Northwest Ontario is being driven by three broad forces: the continued transition towards a knowledge based economy in the region, the expenditure on public sector infrastructure and the growth and development of the mining sector in the region.  The knowledge economy in Northwestern Ontario is being spearheaded by the development of the Thunder Bay Regional Health Sciences Centre (TBRHSC), the Northwestern Ontario School of Medicine (NOSM) and the research work of the Thunder Bay Regional Research Institute (TBRRI). 

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Rio Tinto News Release: Rio Tinto Announces New Global Centre for Underground Mine Construction in [Sudbury] Canada

26 November 2010

Rio Tinto has announced a key strategic partnership in Canada, teaming with world leading researchers to create the Rio Tinto Centre for Underground Mine Construction.

The new Centre will be based at the Centre for Excellence in Mining Innovation (CEMI) in Sudbury, Ontario, and will focus on innovative rapid mine construction and ground control for mining at depth.

Rio Tinto is investing C$10 million over five years in the centre, completing a suite of five global long term Rio Tinto research centres around the world.

The work with CEMI will assist Rio Tinto’s development of new excavation systems through The Mine of the Future™ programme, focusing on significantly improving the construction and operation of underground mines.

As part of this programme, Rio Tinto will conduct a full scale performance verification trial in 2012 at Northparkes’ copper and gold mine in New South Wales, Australia, as the first of three new underground excavation systems.

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