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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Message: Arrested Development

A sampling of a good read about what resource development is up against in Canada.....

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http://business.financialpost.com/features/arrested-development

 

How a new breed of activist is damaging economic growth, one project at a time.....

 

Resistance to infrastructure projects has become the norm in Canada’s resource sectors. As part of a four-month investigation, the Financial Post identified 35 projects worth $129 billion in direct investment — mostly private money — that are struggling to move forward or have been sidelined altogether because of opposition from environmental, aboriginal and/or community groups. The downside is adding up: slower growth, lower Canadian oil prices, investment chill, less control over domestic resources, over-reliance on the U.S. market, regulatory gridlock…..

 

The situation in Canada has also been complicated by an alliance between activists and some aboriginal communities, which have unique legal rights and have leveraged resistance to resource projects to resolve disputes with Ottawa……

 

In Prince Rupert, a city on the Northern B.C. coast that is home to four LNG proposals, uncertainty over the community’s growth has pit supporters and opponents against each other. In Quebec, a uranium mining industry has been prevented from developing. In the North, the potential for economic self-sufficiency from oil and gas has been destroyed. And the Ring of Fire, a massive mining development in Ontario that could transform the province’s northern economy, has been indefinitely delayed……

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