The Toronto Star, has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.
For the web’s largest database of articles on the Ring of Fire mining camp, please go to: Ontario’s Ring of Fire Mineral Discovery
“The Ring of Fire railroad should be subsidized by
governments as the huge economic impact will benefit
the economy for decades to come, help balance budgets
and alleviate aboriginal poverty in the surrounding
First Nations communities.” (Stan Sudol)
Notwithstanding the recent correction in commodity prices, near-record highs for gold, silver and a host of base metals essential for industry confirm that the commodity “supercycle” is back and with a vengeance.
China, India, Brazil and many other developing economies are continuing their rapid pace of growth. In 2010, China overtook Japan to become the world’s second largest economy and surpassed the United States to become the biggest producer of cars.
In March, Bank of Canada governor Mark Carney remarked: “Commodity markets are in the midst of a supercycle. . . . Rapid urbanization underpins this growth. . . . Even though history teaches that all booms are finite, this one could go on for some time.”
Quebec’s visionary 25-year “Plan Nord” will see billions invested in northern resource development and infrastructure to take advantage of the tsunami in global metal demand and generate much needed revenue for government programs.
In Ontario, the isolated Ring of Fire mining camp in the James Bay lowlands is one of the most exciting and possibly the richest new Canadian mineral discovery in more than a generation. It has been compared with both the Sudbury Basin and the Abitibi Greenstone belt that includes Timmins, Kirkland Lake, Noranda and Val d’Or.
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