McGuinty/Wynne’s economic development policy in “Ring of Fire” ends another 60 billion dollars of Industrial Development!

Posted: November 22, 2013 in Uncategorized

Say good bye to another massive pile of money that Ontario needs to literally exist to make Ontario rich and functional!

This destructive Liberal policy to drive Industry out of Ontario now hits home in the area of Northern Ontario known as the “Ring of Fire!”

High energy prices due to their failed Green Energy Plan along with their non ending drive to send jobs and industry to their CHINESE BUDDIES is bankrupting Ontario and it’s citizens.

Cliffs Natural Resources has been lobbying Queen’s Park for years to open up the Chromite deposits in the James Bay lowlands but their policy of having the product refined in China has now forced this firm to withdraw from it’s proposals to open up the Northland and create jobs and billions of dollars of revenue for Ontario Citizens!……………60 BILLION DOLLARS worth!

Instead of bending over backwards to accommodate these firms we get a couple of idiots shaking hands yesterday, Al Gore and Kathleen Wynne “cheerleading” the Green Energy Act and saying how great it is for Ontario to be the most losing location in North America for clean green affordable energy!

Not only can we say Kathleen Wynne is completely “disconnected” from the reality of what Ontario needs right now, we can now say every single day she is intentionally DESTROYING this Province by Billions of dollars with her vindictive and misguided “vision of the future” for our once great Province!

Ring of Fire flame-out will impact all of Ontario

NOVEMBER 21, 2013 christina-blizzardBY  ,QMI AGENCY

TORONTO – So it seems the Ring of Fire (ROF) has fizzled — leaving only a burning sensation where it hurts.

The massive, ore-rich area in a remote part of northwestern Ontario is touted as the biggest economic boon to this province in 100 years.

It’s rich in palladium, platinum, nickel, diamonds and gold. Most importantly, it has the largest chromite deposit in North America — valued at an estimated $60 billion in ecoonomic development.

After one of the major companies involved in its development pulled out Wednesday, the project now appears dead in the water.

Who’s to blame? Well, mostly a government that’s Toronto-centric, doesn’t get mining and doesn’t understand Northern Ontario.

Several years ago, Premier Kathleen Wynne’s predecessor, Dalton McGuinty, responding to a question about mining giant Xstrats moving its giant Timmins smelter to Quebec, opined, “We cannot continue to make a living by pulling stuff out of the ground.’

Really?

The economic impact of the Ring of Fire, is immense — to the whole province.

The TMX is the largest mining exchange in the world by number of listings.

And he thought we couldn’t continue with mining? We can’t afford not to.

The government has bungled this development. First, they ignored the ROF. Then, once it was brought to their attention, they talked about it in their throne speech — but apart from blowing their own horn and pretending they were doing something, they ignored it.

“When a company of Cliffs’ stature, who’s been working very patiently in the province of Ontario, decides they have to cease operations on the largest chormite discovery ever found in North America, it sends a very bad signal to other mining companies in the province,” said Tory critic Norm Miller.

The Cliffs project was doomed by a ruling by the province’s lands and mines commissioner, who rejected the company’s plan to build a road rather than a railway to the mine. Another company with interests in the ROF, KWG, wants a rail link.

“An all-weather road was a logical first step,” Cleveland-based Cliffs’ spokesman Patricia Persico told me.

“(It would) provide important access as well as employment benefits to those surrounding communities,” she said.

“Long term we would like to see rail infrastructure into the Ring of Fire. However it’s cost prohibitive for any one project or company to justify and fund it, so it’s not the logical first step.”

She said the company is hopeful that the new economic development corporation announced by the government will speed up negotiations with the federal and provincial governments, as well as first nations and the companies involved.

“The project right now is indefinitely suspended,” she said, although she said if the company saw some significant movement it might be prepared to reconsider its decision.

READ MORE HERE:

 

 

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Comments
  1. Kathy Hamilton says:

    A “new economic development corporation announced by the government” eh? Ouch.

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