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 October, 2010 issue.
For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery
Peat fuel producer Peat Resources Limited eyeballs powering Far North mines.
A Toronto-based peat fuel pellet producer thinks he can provide a green source of power to mining companies currently operating off the grid in the Ring of Fire.
Peter Telford, president and CEO of Peat Resources, was making the rounds at last spring’s Prospectors and Developers Association of Canada’s annual convention, talking to companies like KWG KWG Resources and Cliffs Natural Resources of his ability to supply them with fuel for their future mine operations.
“If the Ring of Fire project proceeds and Cliffs wants to start processing chromite into ferrochrome for use in stainless steel, there will be a real power demand that (Ontario Power Generation stations in) Thunder Bay and Atikokan can’t supply.”
Peat Resources has an indicated and measured resource at its Upsala property in northwestern Ontario of 22.5 million tonnes of fuel-grade peat. The company has a small pilot plant there, where it has been optimizing its wet harvesting method and pelletizing technology.
Peat is a biomass that has been used for power generation in Europe. But it has been an uphill climb for the Toronto company to convince the Ontario government that the swampy material can be used as an environmentally friendly alternative fuel to burning coal.