Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ontario’s Ring of Fire region is one of the most promising mineral development opportunities for critical minerals in the province. It’s located approximately 500 kilometres northeast of Thunder Bay and covers about 5,000 square kilometres.
The region has long-term potential to produce:
chromite
cobalt
nickel
copper
platinum
Critical minerals like these play a role in the future of low- and zero-emission vehicles and transportation, and help support the transition to a cleaner, sustainable global economy.
Ring of Fire News
February 24, 2023
KWG Resources Chromite Targets in Ring of Fire Are Confirmed by a Magnetotelluric Survey
February 23, 2023
Ring of Fire Northern Road Link Project - Participant Funding Available
February 21, 2023
Ring of Fire Northern Road Link Project - Public Comments Invited on the Summary of the Initial Project Description
February 9, 2023
KWG on Annual and Special Shareholders' Meeting held Feb.7 2023
December 15, 2022
Marten Falls First Nation and The Northern Road Link - A better life for our youth
SHARES OF KWG RESOURCES INC. (CARRYING ON BUSINESS AS THE CANADIAN CHROME COMPANY) TO COMMENCE TRADING ON CSE AS CACR AND CACR.A ON JULY 14, 2023
12 Jul 2023, Posted by Canada Chrome in 2023, News, Uncategorised
KWG PRESS RELEASE No.347 Subordinate shares issued & outstanding (CSE-KWG) 1,223,779,432 Convertible into Multiple-voting shares (100:1) equal to: 12,237,794 Multiple-voting shares issued & outstanding: 8,109,337 If all shares convert to Multiple-voting (CSE-KWG.A) 20,347,131 SHARES OF KWG RESOURCES INC. (CARRYING ON BUSINESS AS THE CANADIAN CHROME COMPANY) TO COMMENCE TRADING ON CSE AS C
posted on Oct 08, 14 03:06PM Use the IP Check tool [?]
RoF catches the eye of the construction trades mulling their future "Canadian think tank, Cardus, is launching its new Building Meaning Project, which aims to reshape the preconception of working in the construction trades .... The project will include a series of Canada-wide roundtable discussions involving key players in the industry, government and education system. The first meeting will be held on Oct. 27 in Calgary, followed by a meeting in Vancouver on Oct. 29, Toronto on Nov. 6 and Ottawa on Nov. 20 .... The location of each roundtable were decided based on the need for labour and the potential for large projects take shape. "The oil and gas sector is where the labour shortage is felt most acutely. So we wanted to bring those players there," Dijkema added. "There's lots of infrastructure work being done and if some of the projects that are said to come online (Ring of Fire), then Ontario will be in situation similar to Alberta." "
KWG Makes International Patent Claim; Steel And Chrome Giants Interested In Offtake And Marketing Alliance, Engineering And Construction
Toronto, Canada, September 22, 2014 - KWG Resources Inc. (TSXV: KWG; Frankfurt: KW6), has filed an international patent application under the Patent Cooperation Treaty. This will provide KWG with the right to file patent applications in over 140 countries around the world in order to secure its rights to its new method of refining chromite ore into ferrochrome by means of natural gas. The disclosed subject matter of this PCT application is supported by results of ongoing metallurgical tests being conducted on behalf of KWG by XPS Consulting and Testwork Services.
KWG has received expressions of interest in creating two strategic alliances:
•A global steel company has proposed to provide project engineering and construction expertise and to market intermediate products for primary stainless steel casting. In this regard, KWG is studying the opportunity to build a facility to produce custom-made stainless steel billets for global export to stainless steel makers for remelting and dilution with iron.
•A large ferrochrome producer has proposed a strategic marketing alliance for the global charge chrome market.
The parties are mutually exploring terms for offtake agreements for such products that could support future project financing facilities. These plans are being developed based on the commercial potential of the new method of refining chromite ore into ferrochrome by means of natural gas disclosed in the patent application. The customized cast billets contemplated for production at the proposed casting plant could become an export vehicle for the combined content of Canadian chromium, nickel and iron and the hydro-electricity and natural gas consumed to produce them.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
For further information, please contact:
Bruce Hodgman, Vice-President
416-642-3575 ? info@kwgresources.com
ONE BILLION with the expectation for the feds to match it. NOW we wait for the Development Corporation to allocate just where the money will be put to use, ex: road ,when and rail, when??? Never the less the share price will definately climb continually as all this unfolds. Not only two billion but Gravell says that the other partners (minning companies, natives) will be asked to add to that amount. A road which route is not yet determined (by the development corporation) and possible rail announcements later. Wait for the deloitte study to point the finger in which way and where the funding money will be spent. The development corporation will make the deciesions but wait for deloitte to point the way.
Province puts ONE BILLION DOLLARS into infrastructure for the ring companies. They expect the federal government to match and put another BILLION DOLLARS into the ring also.
Government making an important announcement Monday about commiting major money into the ring of fire which will give a transportation route to the ore bodies that kwg has. Time to smile. The government premier says the ore bodies are worth a minimum of 60 billion dollars to date .
KWG Announces Proposed Chromium Intellectual Property Acquisition
posted on Apr 21, 14 11:39AM Use the IP Check tool [?]
TORONTO, ONTARIO--(April 21, 2014) - KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") today announces that it has entered into an agreement to acquire fifty-percent of the ownership rights in two United States provisional patent applications (which include a fifty-percent interest in any of the vendor's associated intellectual property) (the "Chromium IP") relating to the production of chromium iron alloys directly from chromite ore, and the production of low carbon chromium iron alloys directly from chromite concentrates (the "Chromium IP Transaction"). The Chromium IP Transaction includes the right to use these provisional patent applications as the basis for filing additional patent applications in the United States, Canada and elsewhere worldwide.
The parties' interests in the Chromium IP will be held through a limited partnership (the "LP") established by the vendor and KWG for purposes of completing the Chromium IP Transaction and developing and exploiting the Chromium IP. The limited partners of the LP will be a wholly-owned subsidiary of KWG and a corporation beneficially owned by the vendor. The general partner of the LP, which will manage the business of the LP, will be another wholly-owned subsidiary of KWG.
The vendor has agreed to assign its fifty-percent interest in the Chromium IP (to be held by the LP) in exchange for 25 million units of KWG (each, a "Unit"), with each Unit comprising one common share of KWG and one common share purchase warrant of KWG exercisable at a price of $0.10 for 5 years from closing date of the Chromium IP Transaction.
KWG will have the option to acquire a further 25% interest in the Chromium IP from the vendor (held through the LP) in exchange for the issuance of an additional 12.5 million Units to the vendor at any time within one year from closing (the "First Option"). If the First Option is exercised, KWG will have an additional option to acquire the vendor's remaining 25% interest in the Chromium IP (held through the LP) in exchange for the issuance of a further 12.5 million Units to the vendor at any time within one year after the exercise of the First Option (the "Second Option"), thereby acquiring 100% of the LP.
In November 2013, KWG announced that it was very encouraged with the results of ongoing metallurgical test work to determine the thermodynamics of metalizing the chromite from the Black Horse deposit that forms part of KWG's Koper Lake Project by its reduction with natural gas.
The closing of the Chromium IP Transaction is subject to acceptance of the TSX Venture Exchange. The company has also applied for TSX Venture Exchange acceptance of a further flow-through private placement of 2.2 million units for total proceeds of $220,000. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.15 at any time within twelve months. All securities issued are subject to a four-month hold period.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
----------------------------------------------------------
Doing this patent deal means that frank fully intends to have chrome smelting in kwg or bulk kwg up for whomever buys out kwg to do gas smelting. Not to mention any other companies that will want to use the method or hire kwg to do it for them saving huge costs. Also where is the updated 43-101 from all the completed drillings. Where is the deloitte study proving kwg rail method. We need that before the governments make definative announcemets or why bother hiring them. Where are the answers to the joint ramp study between not and kwg. Why hasn't Mick Davis said where he is investing his billions that he said he would announce somewhere around february but hasn't yet? He started glencore/estrata and built his buisnes at first with chromite gaining about 70 to 75 percent of the world buisness. He now took all his expert team and started X2 resources and has billions to start to invest in acquisitions. Will glencore or any other chromite company want to lose thier buisness to kwg new cheaper processing? How does one go about insuring that you can't be left out in the cold by having a lesser bid for kwg when the time comes? Maybe by allready having enough shares that nobody can take it private without you having use of the patent. The perfect marriage, the huge ore body in a legal friendly country that insures your profit does not get interupted while building a buisness(nationalization or supertaxing) and a game changing processing that outcompetes all other competitors. Can't do one without the other. Some of this is pure speculation but oohhh what exciting times.
Excerpts from kwg management analysis and discussions:
In testing chromite ore from the Black Horse occurrence, it was discovered that its reduction to metallics was possible with the use of natural gas under controlled circumstances. A patent has been applied for in advance of further testing to commercialize this direct reduction method of refining chromite into metallic chrome. The method holds significant promise of enabling the chromite of the Black Horse occurrence to earn a considerable share of the market for chrome inputs amongst 5
stainless steel makers, due to the much lower refining cost of the method when compared to refining chromite to charge ferro chrome in electric arc furnaces.
The management of KWG is increasingly encouraged in its view that the Company’s assets will prove to be catalytic in the development of mining in the Ring of Fire. It is our opinion that the chromite deposits of the Ring of Fire may have a combined life equal to an amortization period appropriate for the cost of an infrastructure asset such as a railroad; perhaps 100 years or more. When that term is combined with the present historic low cost of the capital required to construct such an undertaking, the unit cost for projected usage can be quite modest when compared to all available alternatives. The test work done to date on reduction of the Black Horse chromite to metallized form using natural gas, encourages us to posit that an opportunity to create a substantial and globally significant export industry in this key industrial commodity appears achievable. Existing transportation networks can be extended in such a way as to insure the environmental and economic sustainability of such an enterprise for the multi-generational production capacity of the resource that is now indicated.
KWG’s railway infrastructure project has been well timed and the need for a railway in the Ring of Fire seems highly economic. Meetings with government and First Nations officials are ongoing to determine a mutually beneficial result. As well, KWG continues to explore the available funding mechanisms that can be employed to continue development of the railroad link to the Ring of Fire.
No you are not posting in vain. I for one read them; but I also read the Northern Ontario Business paper at home; so I am very well educated on the Ring of Fire companies. I am invested in KWG, as well as a couple of others; and have been in and out of others as well over the years. Made big bucks when Noront shot up to the moon. Here's hoping that KWG does better than Spider Resources did when they got bought out for not near what it was worth a few years ago. So keep it up, as you are not alone here.
Am I posting info in vain? If anyone only reads but wants this info to go on send a message to me or just make a one time post. Every thing is coming together for kwg or kwgbf but if no one is reading I might as well stop posting.. I will check back in about a week to decide.
Next goodies to come
Remember the drillings are long finished with reported intercepts!Assays must be finished by now. Now will come an updated 43-101 update on amount of tons of chromite. Deloitt study will be released before end of the month. The province will release their budget around may 1st that will include committed ring infrastructure monies. These are all dynamite announcements that will propel kwg share price on each release. Only a fool sells now! P.S.-- Our new legal specialist can now write our new patent up to properly protect kwg and legalize our negotiated positions for putting our rail rights into the crown corporation. He can also help facilitate moving to the big board after all this is done. He is a legal securities specialist after all...
what this all means is that kwg and the government will negotiate what concessions the government will give to kwg to put their route into the government ontc crown corporation. EX: royalties for every ton going over the rail, shipping unprocessed ore by kwg overseas giving kwg great cheap amounts of money to further kwg vision.
Ring of Fire News – April 3, 2014
?“Ring of Fire-focused project proponent KWG Resources on Wednesday said that more laboratory tests on reducing chromite ore from its Black Horse deposit using natural gas had been completed and provided “substantial encouragement” that the newly developed method might be used to convert the Black Horse chromite into a metallised chrome and iron alloy. During these tests by Glencore affiliate XPS Consulting & Testwork Services, the chromite, blended with suitable solid carbon as reductant, was reduced in the solid state at atmospheric pressure, using reformed natural gas, to produce the alloy. Reactions started at 900 °C when a suitable accelerant was used to enhance the reactions – a substantially lower temperature than is usual for chromite ores. The time required for the reductants to convert the oxide ore to alloy was also found to be substantially less than one hour – much faster than what established direct reduction methods have produced. Based on these tests only, preliminary estimates provided in a report indicated that “very substantial” energy savings could be achieved ….” – Company news release
?One analyst’s take “The Ontario government and Matawa First Nations have reached a negotiation framework agreement to discuss how to develop the world-class Ring of Fire mineral belt in Northern Ontario where Cliffs Natural Resources owns huge deposits of chromite. The company has been unable to develop its assets here owing to lack of agreement among stakeholders on key issues related to environment, revenue sharing, community infrastructure, etc. Also, the region is totally isolated from the rest of the country and needs massive investment to develop connecting transportation infrastructure. This itself has been the subject of an acrimonious court battle between Cliffs and KWG Resources, which controls the land where the key transportation route lies. Therefore, while an agreement on a common framework is definitely a good first step, it is still going to take a lot of time to negotiate and agree to specific terms and conditions. This means that Cliffs’ investors will do good not to get their hopes up for now. The Black Thor project, right now in the suspended state, is unlikely to be revived any time soon ….”
?A VERY optimistic assessment of a recent agreement “Mutual co-operation, solid funding will open up resource-rich region within weeks …. In an unprecedented display of support for resource development, a committee representing all stakeholders in Ontario’s Ring of Fire today announced an accord to open the region to mining immediately. “All the agreements are in place, along with investment and funding, permitting and legislation, as well as a solid plan to build infrastructure,” said Michael Gravelle, Ontario’s minister of Northern Development and Mines. “Work has started already.” Proposals to develop the remote region have proved vexatious to approximately 15 federal and provincial ministries, several aboriginal communities and over 20 mining and exploration companies. Some observers wondered whether there could ever be any consensus if industry representatives themselves couldn’t come to terms. Amazingly, they did. And they brought along each and every other stakeholder. How were such seemingly insurmountable obstacles overcome with such astonishing speed? “Nothing’s insurmountable when people work together,” Gravelle replied. “All we did was utilize the best resource known to this planet—mutual goodwill.” ….”
?“Engaging with the growing aboriginal talent pool is increasingly critical for those operating in Canada, Noront Resources VP for human resources Leanne Hall told members of the Canadian Institute of Mining’s Management and Economics Society on March 26. “There are around 1 200 aboriginal communities in Canada currently located within 200 km of mineral properties. It’s estimated 60% of mining activity in Canada happens on aboriginal lands,” she said. “Aboriginal Canadians are the most accessible source of talent closest to our projects, so it makes sense to look to them for developing a workforce.” Noront is developing its flagship Eagle’s Nest project in the Ring of Fire region, in northern Ontario, which it hopes to bring into commercial production in 2017. The project has just over 11.13-million tonnes proven and probable reserves grading 1.68% nickel, 0.87% copper, 0.89 g/t platinum and 3.09 g/t palladium. Aboriginal people also represent one of the fastest-growing demographics in Canada. “Currently there are 652 000 aboriginal people in Canada of working age. By 2020, another 400 000 aboriginal youth will come on stream. So there will be a million aboriginal people available for work,” she said ….”
?Think tank: time to provide First Nations with “private ownenrship of mineral rights”? “Canada could improve its attractiveness for mining investment by allowing private ownership of mineral rights, particularly if mineral rights were given to First Nations, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Mining development in Canada is fraught with uncertainty related to First Nations land claims and requirements that miners consult with First Nations. The result is often endless rounds of negotiations with no end in sight,” said Kenneth Green, Fraser Institute senior director of energy and natural resources. “Providing First Nations with private ownership of mineral rights will create a framework grounded in property rights and common law that would bring clarity to negotiations between First Nations and miners over project development.” ….” – Study: “Divergent Mineral Rights Regimes: A Natural Experiment in Canada and the United States Yields Lessons”
Ontario halts ONTC wind-down; plans $23M investment instead
by Wendy Parker
The Ontario government has done an about-face on its plans to sell off or close the Ontario Northland Transportation Commission.
In a release this morning, the government said Ontario will continue to own and operate most of the century-old transportation network, which is headquartered in North Bay.
Two years ago, the government vowed to remove the money-draining operation from its books. Now, however, it intends to make “new strategic investments” amounting to more than $23 million over the next three years.
If approved, those expenditures would include new, accessible motor coaches for the bus line and refurbished passenger rail coaches for the Polar Bear Express to Moosonee.
Only the ONTC’s telecommunications unit – Ontera -- will actually leave the government fold. Bell Aliant will purchase the telephone and internet provider, which serves about 30,000 northeastern Ontario customers, for $6 million cash and other considerations that are expected to generate $10 million in long-term revenue for the ONTC.
As part of that deal, Ontario and Bell Aliant “will each commit $15.1 million as part of a $30.2 million public-private investment in telecommunications infrastructure in northeastern Ontario,” the release said.
Northern Development and Mines Minister Michael Gravelle, whose ministry oversees the ONTC, said he was pleased to announce that motor coach, PBX, rail freight, and refurbishment operations would remain in public hands.
“Our government is prepared to support these lines with new strategic investments of over $23 million and I look forward to our continued work as we transform the ONTC,” he said. “I am also very encouraged by what Bell Aliant will bring to support strong telecommunications services in the northeast, including a $30.2 million public-private investment in infrastructure.”
The release said today’s announcement stems from “extensive consultations with Aboriginal, municipal, industry and labour leaders and provides much-needed certainty to the communities of northeastern Ontario.”
In March 2012, the government stunned northerners with a decision to wind down the ONTC, discontinue the Northlander passenger train service between Toronto and Cochrane, and sell off the corporation's commercially valuable assets.
That, in turn, sparked a "new deal" counter-proposal from employees and local leaders that would see ONTC assets transferred to a ports authority, which would deliver services to northeastern communities and participate in the development of Ontario's far northern Ring of Fire mineral zone.
Wendy Parker | April 4, 2014 at 1:56 pm | Tags: economic development, mining suppliers, northern ontario economy, Ontario government, Ring of Fire, transportation | Categories: northern ontario, Ontario economy, Opportunities, Ring of Fire | URL: http://wp.me/p1KdlU-XS
News Release
Transforming the Ontario Northland Transportation Commission
April 4, 2014
Ontario Investing in Northeastern Transportation Services and Infrastructure
Ontario will continue to operate the motor coach, Polar Bear Express, rail freight, and refurbishment services of the Ontario Northland Transportation Commission (ONTC) as a government-owned transportation company.
The province will make new strategic investments to ensure ONTC's transportation services and infrastructure continue to support economic growth in northeastern Ontario.
The investments include more than $23 million over three years, subject to annual budget approvals, to purchase new motor coaches for its bus line and to refurbish rail coaches for the Polar Bear Express. This will maintain and improve vital transportation services, and provide new work for the ONTC refurbishment division.
Ontario has also reached an agreement with Bell Aliant to purchase Ontera. Proceeds from the sale include $6 million in cash and will result in long-term revenue to ONTC estimated at $10 million. The province and Bell Aliant will each commit $15.1 million as part of a $30.2 million public-private investment in telecommunications infrastructure in northeastern Ontario.
This announcement is the result of extensive consultations with Aboriginal, municipal, industry and labour leaders and provides much-needed certainty to the communities of northeastern Ontario.
Transforming the ONTC is part of Ontario's plan to ensure a prosperous regional economy that attracts people and investment to northern Ontario.
QUICK FACTS
1.ONTC provides freight transportation to industries in northeastern Ontario and northwestern Quebec along its 1,100-kilometre rail system, which spans from Moosonee to North Bay and from Calstock to Rouyn-Noranda, Que.
2.In 2012-13, 240,000 passengers used ONTC motor coach services. Ridership has been increasing over the past three years.
3.The Polar Bear Express carries approximately 64,000 passengers per year.
4.The sale of Ontera was open and competitive, and included oversight by a third-party fairness monitor.
5.Through the competitive process, Bell Aliant demonstrated they can meet provincial priorities to sustain jobs, deliver telecommunications services, invest in the business in northern Ontario and provide value for taxpayers.
6.Since 2003, the province has invested $2.8 billion in roads, bridges and highways in northeastern Ontario.
LEARN MORE
1.Find out about Bell Aliant.
2.Read about the Ontario Northland Transportation Commission.
QUOTES
""
— ,
"I am very pleased to announce that motor coach, PBX, rail freight, and refurbishment will all remain in public hands. Our government is prepared to support these lines with new strategic investments of over $23 million and I look forward to our continued work as we transform the ONTC. I am also very encouraged by what Bell Aliant will bring to support strong telecommunications services in the northeast, including a $30.2 million public-private investment in infrastructure."
— Michael Gravelle, Minister of Northern Development and Mines
"The ONTC management team continues to work in partnership with northern leaders and the Ministry of Northern Development and Mines to find a viable, long-term solution for the ONTC. All organizations need to adapt and change in order to be sustainable. I think this is our time to change. I am happy to see that the province will invest in new, accessible motor coaches for the ONTC bus line and refurbish passenger rail coaches for the Polar Bear Express. This focus on investing in transportation will mean that real transformation of the ONTC can continue."
— Ted Hargreaves, chair of Ontario Northland Transportation Commission
"The province’s plan to invest more than $23 million to purchase new, accessible motor coaches for its bus line and refurbish passenger rail coaches for the Polar Bear Express means that real transformation and restructuring of the ONTC will continue. As Ontera joins Bell Aliant, we are hopeful that combined with new investments, Ontera’s legacy of achievement and excellence will continue to thrive under new ownership in the years ahead."
— Paul Goulet, president and CEO of Ontario Northland Transportation Commission
"After two years of great uncertainty for the men and women of the ONTC, today is a good news day for the City of North Bay. My number one priority all along was to save jobs and bring certainty to the future of the ONTC. We welcome the $23 million investment in our buses and refurbishment shops which not only retains jobs but builds enormous potential for future job creation here in our community. This announcement ensures that the ONTC, which has been headquartered here in our city for over 100 years, will remain and bring stability and confidence to our community."
— Al McDonald, Mayor of North Bay
-------------------------------------------------------
The good news is that the ontc will continue to do rail freight for the north. This means they will probably go ahead with the government corporation and use kwg route in the future development of the north. kwg will come out of these negotiations with big agreements.
Finance minister and ring companies- bigger then all oil companies
Charles Sousa is the Ontario Finance Minister. This is the link to the short interview he did with BNN yesterday.
He refers to the Ring of Fire as being "bigger than all the oil sands and oil projects in eastern and western Canada."
http://www.bnn.ca/News/2014/4/2/Ontario-sees-economic-growth-cooling-to-21-from-2014-to-2035.aspx
New Study on Ring of Fire Released
Ontario’s Ring of Fire could generate tens of billions of dollars in economic activity and thousands of new jobs across Ontario, study shows
A new report from the Greater Sudbury Chamber of Commerce and the Ontario Chamber of Commerce reveals that Ontario’s Ring of Fire, the mineral resource-rich region in the James Bay Lowlands, will generate up to $9.4 billion in new economic activity over the first 10 years of operation and sustain 5,500 jobs annually.
According to the study, Beneath the Surface: Uncovering the Economic Potential of Ontario’s Ring of Fire, the mining development could generate more than $25 billion across numerous sectors in Ontario by 2047, including $2.7 billion in revenues for the financial services sector and $1.2 billion for the wholesale and retail trade sectors.
“Our study makes it clear that the short-and long-term economic impacts of the Ring of Fire extend far beyond mining,” says Allan O’Dette, President and CEO of the Ontario Chamber of Commerce. “It’s time to broaden the Ring of Fire conversation to include all of Ontario, not just the Far North.”
“The Ring of Fire will generate an estimated $6.2 billion for Ontario’s mining sector in the first 10 years of its development, with much of this mining activity being concentrated in Northern Ontario,” says David Boyce, Chair of the Board, Greater Sudbury Chamber of Commerce. “Development of the Ring of Fire is important to all Ontarians, regardless of geography. The positive impacts will be felt across the province in the form of increased GDP, job creation, and government revenue.”
The study shows that the Ring of Fire will generate significant revenue for governments, to the tune of $1.95 billion within the first 10 years of its development. The authors call on the provincial and federal governments to design and fund a plan to address inadequate transportation infrastructure in the Ring of Fire, which is cited as a significant barrier to development.
“There is a strong business case for governments to invest in this economic opportunity,” says O’Dette. “The federal government, in particular, needs to play a more active role in this development, as it has for other transformative projects including the oil sands, the St. Lawrence Seaway, and Churchill Falls.”
“The Ring of Fire is one of Ontario’s greatest economic development opportunities in a generation. However, significant work still needs to be done before the full economic potential of the Ring of Fire can be realized. The federal and provincial government must work together with the private sector and Aboriginal partners to share responsibilities in order to propel this development forward. We can’t let this opportunity pass us by,” adds Boyce.
Additional highlights from study include:
Within the first 10 years of its development, the Ring of Fire will:
## generate up to $9.4 billion in Gross Domestic Product (GDP)
## generate up to $6.2 billion for Ontario’s mining industry
## sustain up to 5,500 jobs annually (full time equivalents)
## generate nearly $2 billion in government revenue, divided between the federal, provincial, and municipal governments.
Within the first 32 years of its development, the Ring of Fire will generate more than $25 billion in economic activity across numerous sectors in Ontario, of which mining is just one:
## $2.7 billion in revenues for the financial services sector
## $1.2 billion for the wholesale and retail trade sectors
## $600 million for the manufacturing sector
## $500 million for the utilities sector
Read Beneath the Surface: Uncovering the Economic Potential of Ontario’s Ring of Fire
- See more at: http://sudburychamber.ca/new-study-on-ring-of-fire-released/?#sthash.O6gaM4E7.dpuf
Read more at http://www.stockhouse.com/companies/bullboard/v.kwg/kwg-resources-inc#jsKWIEAorWvqLr3Q.99
The native agreement heralds the push is "ON" for the ring. Noront does not need the rail immediately as they have an east west road as thier start up plan in thier E.A. Therefore i think noront shares are to move up first. We must remember that the provincial government has hired deloitt to do a recomendation study to advise the provincial government on the total picture for the ring which i expect will show a form of the east - west road for starters and then advise about the north- south rail later for ore transportation. We may still see cheap shares for kwg untill that study from deloitt is released. No government is going to commit billions for infrastructure until the release of the deloitt study. Then watch out, as the kwg shares as well as the rest of the ring companies will escalate upward fast. Usually a government study takes 6 months to a year but with the looming budget that Gravell says includes infrastructure money i think the deloitt study is only weeks away. With a posibility of an election this only underscores why the provincial government will want this study quickly to use the ring as a voting platform. This study will show the overall need for a rail line to service all the ring companies. As kwg not only owns the new gas patent to reduce processing kwg also owns the only viable rail corridor. This means that both the crown corporation and the port authority will be negotiating with kwg in the near future to include kwg rail into the transportation plans for the ring. I belive this is going to happen as kwg showed the advantage of transporting ore over rail to road by about 10 to 1 on costs. Thank Frank for this as he had the study allready completed proving this and the provincial government handed this study to deloitt. Negotiating advantages to kwg should include the possibility of shipping a large percentage of unprocessed ore overseas at a money advantage to kwg not having to process and thereby pilling up substantial cash. Another negotiating possibility is a royalty to kwg per tonnage of every company transporting ore over the rail saving them the 10 to 1 cost advantage. Right after the deloitt study is made public i believe kwg's time will have come. Frank will have assay reports back from blackhorse and possibly gas patent saving results back from the labs at about the same time everything gets made public only increasing the net worth of the kwg share price. This may then be the time after money commitments from the governments that the big internantionals will get interested in kwg as the infrastructure costs will be accounted for by the governments and not be expected of the internationals who may be intersted of buying kwg. You want to average down now, or increase your holdings now, before the deloitt study comes out as i believe this study will herald in kwg into the spotlight. Thank Frank for many other things as he has secured the rail heads and ports that will also prove very valuable to the kwg share price. I know many of us have been here a long time (myself since 2008) and we are about to be compensated for our patience. Good luck to all longs. (and short time holders) !!!
AGREEMENT SIGNED:
Ontario, First Nations to Work Together on Ring of Fire
Historic Agreement to Move Ring of Fire Development Forward
March 26, 2014 3:00 p.m.
Ministry of Northern Development and Mines
The Province of Ontario and Matawa-member First Nations are taking another step forward by reaching a landmark agreement that will ensure First Nation communities benefit from the proposed Ring of Fire development.
The regional framework agreement is a first step in a historic, community-based negotiation process, which began in July 2013 at the request of Matawa-member First Nations.
The nine Matawa-member First Nations and the Province of Ontario signed a framework agreement today to move forward with a negotiation process on a community-based regional approach to development in the Ring of Fire.
The agreement ensures First Nations and Ontario can work together to advance Ring of Fire opportunities, including regional long-term environmental monitoring and enhanced participation in environmental assessment processes, resource revenue sharing, economic supports, regional and community infrastructure.
Michael Gravelle, Minister of Northern Development and Mines, signed the Regional Framework on behalf of Ontario. The chiefs signed on behalf of their communities, which included:
•Chief Sonny Gagnon, Aroland First Nations
•Chief Fred Sackaney, Constance Lake First Nation
• Chief Elizabeth Atlookan, Eabametoong First Nation
•Chief Celia Echum, Ginoogaming First Nation
•Chief Elijah Moonias, Marten Falls First Nation
•Acting Chief, Roy Moonias, Neskantaga First Nation
•Chief Johnny Yellowhead, Nibinamik First Nation
• Chief Allen Towegishig, Long Lake #58 First Nation
•Chief Cornelius Wabasse, Webequie First Nation
An official celebration will take place at a later date. Details to be announced.
Investing in the development of the Ring of Fire is part of Ontario's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths -- its people and strategic partnerships.
Matawa Chiefs Council is comprised of the Matawa-Member First Nations Chiefs. The First Nations are located in Northern Ontario. Five First Nations are remote and accessible only by air or winter road. Four of the First Nations are drive-in communities. All nine First Nations will be impacted by resource development in the area known as the Ring of Fire.
Quick Facts
•The Ring of Fire, located 540 kilometres northeast of Thunder Bay, is one of the most significant mineral regions in the province.
•The Ring of Fire has mineral potential known to be worth $60 billion and includes the largest deposit of chromite ever discovered in North America. Chromite is a key ingredient of stainless steel.
•The Ring of Fire also holds the potential for significant production of nickel, copper and platinum.
•In July 2013, Ontario appointed the Honourable Frank Iacobucci as the lead negotiator for Ontario to participate in discussions with the Matawa-member First Nations on proposed resource development in the Ring of Fire.
•In November 2013, Ontario announced that it would lead the creation of a development corporation to bring together private and public partners, including key mining companies, First Nations, and the provincial and federal governments, to lead strategic infrastructure development for the Ring of Fire region.
•Development in the Ring of Fire is subject to all necessary environmental assessment and regulatory processes, and fulfillment of the Crown’s duty to consult.
Quotes
Michael Gravelle
qThis regional framework agreement is a landmark achievement in community and regional discussions. I am proud that our collaborative work with Matawa-member First Nations continues to progress. Together, we are moving forward on realizing the Ring of Fire’s potential and making important advancements on regional, environmental, and economic developments.”
Michael Gravelle
Minister of Northern Development and Mines
David Zimmer
qImproving the quality of life and creating lasting economic benefits for First Nations communities is a priority for this government. This regional framework is a historic agreement that demonstrates how respectful dialogue, negotiation and collaboration can move economic development projects forward, creating benefits for everyone involved.”
David Zimmer
Minister of Aboriginal Affairs
qI’ve seen many framework type processes come and go, and MOUs, and some have had beneficial results but many have not gone anywhere. I am optimistic that this regional framework allows us to be more involved in development and the decision-making that is going to happen. I am assured the regional framework will enhance and not supersede our community-based MOU signed in September 2012. We are working to set the course to move our First Nations away from dependence so that we can capture the maximum benefits and move towards community wellness and increase ambition for our people.”
Chief Elijah K. Moonias
Marten Falls First Nation
qThis is a special and significant event and we are looking forward to an official celebration. The negotiations under this framework will complement the essential direct negotiations Webequie is having with the Province of Ontario on a range of issues related to the Ring of Fire. Success in both of these negotiations will chart a course for a different future for all of us. It is now time for the real work to begin and we look forward to working with Ontario and our fellow First Nations.”
Chief Cornelius Wabasse
Webequie First Nation
qThis framework demonstrates that our First Nations are open for development that is sustainable and respects our lands.”
Chief Sonny Gagnon
Aroland First Nation
qThe regional framework is not about selling our land, but sharing our land as our Elders envisioned for the benefit of all. Nibinamik First Nation understands the importance of balance between economic development that is required to ensure community growth and productivity and the need to sustain cultural values and beliefs particularly as related to the land.”
Chief Johnny Yellowhead
Nibinamik First Nation
qEabametoong is a large First Nation and we have worked very hard to get here. Our community is hopeful about the future now that we can move forward on resource development discussions with the province.”
Chief Elizabeth Atlookan
Eabametoong First Nation
qOur community members, both on and off reserve, will be very engaged in this process. Our neighbours in Greenstone and the entire Northern Ontario region should be pleased that we now have a process. This is a milestone for everyone in Ontario.”
Chief Allen Towegishig
Long Lake #58 First Nation
qI am so proud to stand with our nine chiefs and sign this regional framework today. My community members back home have been waiting a long time to have meaningful negotiations with Ontario. This is just the beginning.”
Chief Fred Sackaney
Constance Lake First Nation
qI’m signing on behalf of Neskantaga First Nation and Chief Peter Moonias, who has worked very hard to move the regional framework forward. We are all very excited about the progress and are looking forward to working together for our children’s future.”
Acting Chief Roy Moonias
Neskantaga First Nation
qI want to thank all my First Nation members. We have worked really hard at the community level to get where we are today. I look forward to working with our chiefs and with Ontario as we move forward.”
Chief Celia Echum
Ginoogaming First Nation
Chamber of commerce weighs in:
Ontario Chamber of Commerce seeks to push Ring of Fire mining potential forward
According to Allan O’Dette, President & CEO, Ontario Chamber of Commerce, “Ontario’s economy is at a historic crossroads. Its value proposition in the global economy has shifted dramatically. Ontario, now more than ever, must identify and champion opportunities where it can be a global leader. The Ring of Fire is such an opportunity. We believe that this globally significant deposit of minerals in Ontario’s Far North is one of the province’s greatest economic development opportunities in a generation.”
The Ring of Fire was covered in detail in International Mining magazine, December 2012, pp3-4. The Ring of Fire is a mineral resource-rich area of some 5,120 km2 located in the James Bay Lowlands region of Northern Ontario.
The chamber has released a new report, Beneath the Surface: Uncovering the Economic Potential of Ontario’s Ring of Fire. The action plan for this region includes many points, that include:
1.“Ontario should develop a long-term infrastructure plan for the Far North, based on input from northern and First Nation communities and the mining sector
2.The provincial and federal governments should commit funds dedicated to building transportation infrastructure
3.Equip the Ring of Fire Development Corporation with the tools and resources it needs to deliver on its mandate
4.In the near-term, the Government of Ontario and the private sector should consider alternative modes of transportation that facilitate year round access to the Ring of Fire
5.As an immediate next step, the Government of Ontario should conduct a rigorous cost-benefit analysis of a special electricity incentive to locate mineral processing plants in Ontario. This analysis should be made public
6.The Government of Ontario, in partnership with the mining sector, Aboriginal groups, and key stakeholders, should undertake a comprehensive review of regulations that apply to mining. Unnecessary regulatory barriers that impede the development of the Ring of Fire should be removed to the greatest extent possible
7.The federal government should take on a more active role in the development of the Ring of Fire. At a minimum, it should match any provincial investments in Ring of Fire infrastructure
We are almost there. Weeks away, not months.
http://thegiantnews.blogspot.ca/2014/03/rof-framework-almost-ready.html
Tuesday, March 18, 2014
ROF Framework Almost Ready
The Ring of Fire mining development is getting scrutiny at the Greenstone Expo in the city. Mines Minister Michael Gravelle was the keynote speaker last night and said the behind the scenes negotiations continue on getting a framework agreement between all parties involved. Gravelle says while the framework should be signed soon, out of respect for the process he won't speculate on when that might happen.
Province to spend 35 B on infrastructure over next 3 years
http://article.wn.com/view/2014/03/11/Infrastructure_Improvements_in_Store_for_Northwestern_Ontari/
Infrastructure Improvements in Store for Northwestern Ontario