Ontario’s Ring of Fire Mineral Discovery – Page 158

[Ring of Fire Refinery] “We generate some of the cleanest and greenest electricity…” Howard Hampton NDP MPP

February 23, 2011

Founded in 2006 by James Murray, NetNewsledger.com offers news, information, opinions and positive ideas for Thunder Bay, Ontario, and for Northwestern Ontario. This column was originally posted on January 28, 201. newsroom@netnewsledger.com

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

“Four and a half years ago, what was then Inco closed their copper refinery in Sudbury.
Today, they still take the ore out of the ground in Sudbury, but they ship it to Quebec
to smelt it there at half the cost. That’s exactly what is happening with Cliffs Natural
Resources. If they move to Manitoba or Quebec, they’ll pay half the cost of refining
the metal. There’s a real problem, a real issue, with hydro rates in Ontario.” (Howard
Hampton NDP MPP for Kenora-Rainy River)

Queen’s Park – NDP MP Howard Hampton was up in Queen’s Park on Tuesday. During a Member’s Statement, Hampton gave some examples of just how, in his words, “out of touch” the McGuinty Liberals are on hydro-electricity rates compared to Manitoba and Quebec. Hampton cited the decision by Xstrata Mining to close its copper smelter in Timmins last year and the decision by Inco (now Vale) to close its copper smelter in Sudbury four years ago.

“Both of these companies continue to mine the copper ore in Ontario, but both of them now ship the ore to smelters and refineries in Quebec to have the ore processed there because they save millions of dollars each year in hydro-electricity costs due to Quebec’s much lower industrial hydro rates,” Hampton said.

Hampton noted that Xstrata was paying hydro bills of $70 Million/year at its Timmins smelter, and now is paying less than half that amount in Quebec ($33.5), but the shutdown of the smelter in Timmins meant the loss of over 2000 direct and indirect jobs in the community.

Ontario Mining Association gives Ontario budget an A+ – by Adelle Larmour (June 2010)

February 22, 2011

Sudbury Mining Solutions Journal, a magazine that showcases the mining expertise of North Bay, Timmins and Sudbury. This article is from the June/2010 issue.

Ontario Mining Association president Chris Hodgson gave the Ontario Liberal government an A+ for its latest budget.

“We found it really encouraging that mining has been viewed as part of the solution for Ontario’s future,” Hodgson said. “We’re very pleased not just with the specifics, but also with the general tone that the government has taken toward mining.”

The province’s March 25 budget recognized that Northern Ontario’s mining sector plays an integral role in the economic development of the province. Mining in Ontario is a $10 billion business, provides the province with a $3.3 billion trade surplus and more than $600 million in corporate taxes annually.

“I think they realize we are a major benefit to the province, both in terms of the economy and society in general,” Hodgson said. “The spin-offs from developing mines are huge.”

Mining is back on several fronts [Ring of Fire] – Thunder Bay Chronicle-Journal Editorial (February 14, 2010)

March 15, 2011February 21, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was originally published on February 14, 2010.

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

BUSINESS CYCLES tend to raise and lower the economies of the communities in and around which they operate. Stable business benefits everyone, but even that comes with surprises.

Forestry is an example of an industry with an impressive track record that came up short when the recession deflated demand for its products. A U.S. recovery will eventually raise demand for lumber, pulp and paper, but never again to the same degree. The Internet has seen to that. Still, forestry is evolving with new products, including biomass to fuel the green energy revolution. Value-added opportunities continue to abound, if only they will be developed by entrepreneurs, encouraged by government.

Government is notoriously slow to react to the prospect – even the signs of change and there is a series of recurring jokes about how many studies there are at one time that seek to broaden the economy of Northern Ontario.

While that process drags on, there are new glimmers of hope for the North even as forestry flounders. Mining has always been the other big northern lynch pin and its own down time is apparently on the verge of a very big upswing. Two of them, actually.

Future may be here in a week [Ring of Fire] – Thunder Bay Chronicle-Journal Editorial (February 11, 2010)

March 15, 2011February 21, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was originally published on February 11, 2010.

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

IT WOULD be difficult to overstate the importance of the so-called Ring of Fire, a huge, horseshoe-shaped geological structure in the James Bay Lowlands of Northern Ontario. In just 30 months it has gone from a single drill hole to the probable jewel in the crown of a regional economic recovery.

The nearest communities to the ring of high-grade nickel-copper-platinum-palladium, chromite, vanadium and gold are the First Nations of Marten Falls and Webequie which are naturally angling to share the wealth. Much has been done to achieve that objective but lately, it appears the First Nations are not happy. An early partnership between Marten Falls and Noront Resources, the area’s key exploration company, for example, came apart this winter when the band council authorized members to block Noront planes from landing near their camps.

Everyone in Northern Ontario – most particularly First Nations anywhere near mineral deposits – must fervently hope that Marten Falls and Webequie don’t send companies packing from the Ring of Fire like another band further north did earlier. It cost Ontario taxpayers $5 million in company compensation, but the loss in this instance would be almost incalculable given the ring’s potential.

From coal to gas [Ring of Fire and Other Mining Implications] – Thunder Bay Chronicle-Journal Editorial (November 24, 2010)

March 15, 2011February 21, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was originally published on November 24, 2010.

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

AS ONTARIO continues its onerous but ultimately necessary march toward cleaner air it is stepping into increasingly difficult territory. Its so-called green energy proposals are proving costlier all the time, and while no one should expect to reduce greenhouse gases and begin to reverse climate change without complications, Ontario seems to be making things more difficult for itself than it needs to.

This realization can be seen in every retreat from and change in its green energy policy, most recently to offer rebates on soaring electricity bills and alter an ill-thought-out time-of-use pricing plan.

Consumers are enraged at the proliferation of charges over and above basic electricity while lucrative contracts signed with alternative energy suppliers seem unnecessarily rich, given the fact that demand for electricity is going nowhere but up.

Power costs must be addressed for Northern Ontario industries – by Brian MacLeod

February 18, 2011

Brian MacLeod is the managing editor for the Sudbury Star, the City of Greater Sudbury’s daily newspaper. This column was published on February 10, 2011. bmacleod@thesudburystar.com

Duguid’s response to what could be an enormous long-term economic
boost for Northern Ontario is lukewarm by comparison.
(Brian MacLeod – Feb/18/2011)

The Ontario government had better not fiddle when it comes to dealing with Cliffs Natural Resources’ attempts to develop the Ring of Fire chromite deposit in Northern Ontario.

An opportunity lost now would resonate for decades.

The 5,100-square-kilometre tract of land, centred about 500 kilometres north of Thunder Bay, is thought to contain one of the world’s largest deposits of chromite — a key ingredient in the production of stainless steel.

The economic potential is staggering, but there are major roadblocks that could diminish those benefits. As many as 500 people could be employed at the mine, up to 300 people in transportation and up to 500 jobs could be created at a chromite processing plant.

Natural resources still hold potential – Thunder Bay Chronicle-Journal Editorial (December 20, 2010)

March 15, 2011February 17, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was published on February 6, 2011.

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

EVEN as Thunder Bay and other Northwestern Ontario communities press ahead with knowledge-based industry initiatives there remain opportunities in traditional natural resources industries, but not all of them. Embracing high-tech knowledge business is essential to securing the future of northern communities.

Thunder Bay in particular is growing spectacularly in its health care research sector. Just as in other regional communities, with a number of its forest industries idled, new pursuits are essential to maintaining and growing the local economy.

A new study by the Conference Board of Canada confirms that the natural resources sector — and the industries that support it — provide the strongest potential for Northern Canada’s future economic development.

This report, Mapping the Economic Potential of Canada’s North, is one of a series of studies for the Centre for the North.

Time for North [Ontario] to take control – Thunder Bay Chronicle-Journal Editorial (February 6, 2011)

March 15, 2011February 17, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was published on February 6, 2011.

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

Provincial energy policy has punished the North with electricity prices that haven’t been able to match competing jurisdictions nearby. And yet, the North produces all of the electricity that it needs at a real price that is far lower than that which is being charged its industrial, business and residential users. (Thunder Bay Chronicle Editorial – Feb/06/2011)

THE TIME has never been better for Northern Ontario to take control of its own destiny. Discontent with provincial policy has rarely been stronger in the North which has been given a strong new hand to play in the form of major mining opportunities.

This region has shipped its resource riches and the bulk of their profits to southern Ontario and beyond for many decades, even as they provided the province with a major part of its revenue. One provincial government after another promised to facilitate value-added manufacturing of forest products but the logs and lumber, as well as much raw mine product, left here. Paper mills that did thrive are now mostly closed due in large part to provincial energy policy that helped to render them uncompetitive.

A slow provincial reallocation of forest resources is beginning to show some results, but the woods industry will never be what it was. The Northern Growth Plan remains to be written but from what is known about it so far, we should not expect a breakthrough in innovative thinking at Queen’s Park.

Get the price of power down [Ring of Fire smelter] – Thunder Bay Chronicle-Journal Editorial (February 8, 2011)

March 15, 2011February 17, 2011

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. This editorial was published on February 8, 2011.

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

THE MESSAGE could not be clearer, the opportunity greater nor the time shorter for the Thunder Bay area. Cliffs Natural Resources, the major player in the giant Ring of Fire chromite deposit far north of here, has all but told the provincial government that it will build an electric arc furnace to process an estimated 70 million tonnes of ore in Northern Ontario if it can afford the electricity.

“At current provincial power rates, there isn’t a location in Ontario that is economically viable for Cliffs to build the ferrochrome production facility,” the company’s ferroalloys president Bill Boor said last week.

The ferrochrome furnaces would need 300 megawatts of power and “only a few” places in Northern Ontario meet these requirements, however, Sudbury is representative of a “technically feasible site,” he added. That is, it has the power supply, mining history and allied business.

“Representative of a feasible site” is pretty open-ended, and encouraging for alternate sites.

Chromium: Are Chinese Off-Takes About to Take Off? – by Jack Lifton (May 11, 2006)

February 16, 2011

This article was posted on www.ResourceInvestor.com, a free service for the global community of individual and institutional investors, financial and mining professionals, and other stakeholders who can use the website for important research on natural resources investment strategy, on May 11, 2006.

Jack Lifton is the Co-founder and Director of Technology Metals Research since June 2010. Mr. Lifton is also an Independent consultant, focusing on the sourcing of nonferrous strategic metals. His work includes exploration and mining, and the recovery of metal values by the recycling of not only metals and their alloys but also of metal-based chemicals used as raw materials for component manufacturing. Jack Lifton’s Blog: http://www.techmetalsresearch.com/

Chromium is necessary for the production of stainless steels, heat resisting steels and
superalloys in that order, descending, of use in the world. Chromium has no substitute
in stainless steel or in superalloys. Jack Lifton, May 2006)

DETROIT (ResourceInvestor.com) — The Peoples Republic of China does not have the same economic system as the United States, although you would never know that by reading the American mainstream press.

The Chinese government, officially in the socialist phase of the path to true communism, practices what has become known as command and control economics. The current Chinese version of that system allows for (free) market economics to be practiced, to a degree, in the civilian products (consumer products we call it here in America) sector.

The command and control sector of the Chinese government has always been in charge of domestic natural resources production and of the sourcing of strategic raw materials by importation. The control mechanism is simplicity itself. You cannot export a natural resource from China nor import one without a national-government-issued license to do so. A further license is needed to receive foreign currency, and you must account for every bit of it, or to “buy” foreign currency from the (State controlled, even if not in some cases any longer directly owned) commercial bank to pay for your imported goods.

There is one more seemingly innocuous requirement: The transaction involving natural resources or strategic materials must be in the best interests of the Chinese people.

[MiningWatch Canada Ring of Fire report] Power requirements a concern – by Carol Mulligan

February 14, 2011

Carol Mulligan is a reporter for the Sudbury Star, the City of Greater Sudbury’s daily newspaper.

For the MiningWatch Canada report written by Joan Kuyek, please click here: Economic Analysis of the Ring of Fire Chromite Mining Play

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

The author of an economic analysis on the Ring of Fire chromite deposits urges Ontarians to ask a couple of basic questions about the benefits of developing the resource.

What will it cost taxpayers of the province of Ontario for every job that is created? And, is the cost worth it?

Joan Kuyek wrote the report for MiningWatch Canada, a national non-profit organization that examines mining and its effects on communities. Formerly of Sudbury and now living in Ottawa, Kuyek was commissioned by MiningWatch to conduct a preliminary review of the economics of mining the rich chromite deposits in Northern Ontario.

In the opening paragraph of her 20-page report, Kuyek said there is no experience in chromite mining or ferrochrome production in Canada.

Interesting Times in the Ring of Fire – James Murray (January 28, 2011)

February 10, 2011

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

THUNDER BAY – The news that there are issues over development brewing in the Ring of Fire should not come as a surprise to anyone who has followed the issue closely. Both the Matawa First Nations and the Nishanawbe Aski Nation have been sounding the alarm bell for months. It appears a wake-up call that the McGuinty government has simply hit the snooze button and rolled back to nap mode over.

Perhaps one of the realities are that politically, the McGuinty government has made the determination that there are more votes in ridings that may matter more to them than in the far north, as Toronto often sees our region?

The First Nations are likely more aware of the opportunities that the chromite in their traditional territory can represent, and realize that the potential bounty if allowed to be squandered will leave them ever further behind in a society that already has plenty of hurdles before their people.

Some of what appears to be happening, and likely missed by some is the degree of communications and new technology is allowing First Nations to share information with each other from across the region, the country and the world. That means instead of operating in a communications blackout that First Nations are aware of far more today than ever before.

[Ring of Fire] Communications Issues Need To be Addressed for A Solid Future – by James Murray (February 5, 2011)

February 10, 2011February 10, 2011

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

THUNDER BAY – The signals are all on the table for anyone willing to read them. First Nations in Northwestern Ontario are not prepared to accept lip service from the provincial government on the Ring of Fire. The issue is one that has been coming for sometime now, and has not been covered all that much in the main-stream media. Comments from Matawa First Nations leaders, and Nishinawbe Aski Nation leaders have ranged from frustration to anger. Already there is word of blockades on-going to stop activity related to mining exploration.

To quote a famous movie line from Cool Hand Luke – “What we have here is a failure to communicate”.

Now too be sure, no politician is likely to agree with that statement. There has been lots of talking going on, but for communication to happen, there must be both a sender and a receiver. It is looking more all the time that there is lots of talking, but not much listening. We have years of what appears to be lip service paid by Premier McGuinty. The Premier is likely damaging the ability of his Minister of Northern Development, Mines and Forestry to actually achieve anything substantive. McGuinty has poisoned the well with years of happy promises that he has not delivered on.

NEWS RELEASE: Nishnawbe Aski Development Fund (NADF) calls on the Ontario Government to reduce power rates to keep Chromite Plant in Northern Ontario

February 10, 2011February 10, 2011

Nishnawbe Aski Development Fund is a non-profit economic development agency providing financial assistance (commercial loans, equipment leasing and grants), resource sector support and free business counseling services to ALL Aboriginal entrepreneurs in rural, urban and isolated communities across northern Ontario (Treaty #9, #3, #5-Ontario portion & Robinson-Superior 1850 Treaties).

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

Thunder Bay ON, February 8, 2011 – Nishnawbe Aski Development Fund (NADF) called upon the Ontario government today to find a solution to the high power rates that might deter the construction of Cliffs Natural Resources’ Ferrochrome Production Facility in northern Ontario. “Several Aboriginal businesses will benefit from the development of this facility, and if not, we stand to miss out on many opportunities”, said Harvey Yesno, President/CEO of NADF. “The Province of Ontario needs to be more visible and aggressive in tackling the power rate issue that is threatening the viability of a production facility in northern Ontario because any final decision to locate the Ferrochrome Production Facility outside of the province negatively impacts Aboriginal business in the region”.

This claim was issued in response to Cliffs’ revelation on Friday, February 4, 2011 during its conference call with the media that while Sudbury had been identified as a ‘base-case’ location for its Ferrochrome Production Facility (FPF), other municipalities within and outside Ontario were not beyond approach and possible selection as a location for its FPF.

Citing the technical issues regarding the lack of electricity in the northwest part of the province, Mr. Yesno said, “Many people now understand what our remote communities are facing on a regular basis when we can’t develop economically because of the chronic lack of electricity.

Ring of Fire in James Bay Lowlands – by Edgar J. Lavoie (June 2008)

February 8, 2011

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 is from the June, 2008 issue.

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

The man with a dream sits on a wooden bench 190 kilometers north of the Albany River and 240 kilometers west of James Bay.

Neil Novak, P. Geo., is wearing two hats today, the real one of which reads Spider Resources Inc., and the other is the shirt he is wearing, which spells out Noront Resources Ltd. Novak is President and C.E.O. of Spider (SPQ:TSX-V) as well as Vice President/Exploration of Noront (NOT:TSX-V).

The kitchen tent is not a quiet place this morning. The two cooks clatter about. Men bundled up against the minus 17 degrees C. stomp in and out. They relish the respite from a stiff wind out of the northwest. They stomp around on the wooden floor in insulated rubber boots as they grab a coffee or sit down for a sandwich.

A Cessna Grand Caravan, courtesy of Billiken Management Services Inc., has just shuttled the writer and the photographer Jim Guillemette from Nakina airport – the end of the paved road – to an ice strip on McFauld’s Lake in the subarctic.