Hopes for Ontario’s Ring of Fire doused as mining companies grow wary

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Hopes for Ontario’s Ring of Fire doused as mining companies grow wary

posted on Oct 22, 2014 09:31AM

From the front page of the Globe and Mail

Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the province’s north. It hasn’t worked out that way.

The project’s key player has given up, leaving the future of the deposit in question and hurting prospects that it will ever reach the lofty expectations of politicians.

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/hopes-for-ontarios-ring-of-fire-doused-as-mining-companies-grow-wary/article21216171/

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