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: Timmins still optimistic about ferrochrome smelter

Shareholder pressure....now that's a joke.  I feel sorry for the Noront team.

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https://northernontario.ctvnews.ca/timmins-still-optimistic-about-ferrochrome-smelter-1.4650592

Timmins still optimistic about ferrochrome smelter

 
 
WATCH: Timmins Mayor George Pirie maintains that the new Noront ferrochrome smelter will be built in his city instead of Sault Ste. Marie.
   
 
   
 
   
   
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Lydia Chubak, CTV Northern Ontario Videojournalist

@LydiaCTV


Published Tuesday, October 22, 2019 3:40PM EDT
Last Updated Tuesday, October 22, 2019 5:10PM EDT

TIMMINS – On the eve of Noront hosting an open house in Sault Ste. Marie at the Delta Hotel, Timmins Mayor George Pirie says he will patiently wait for the tide to turn.

As there has been much backlash regarding the construction of the proposed Noront Resources Ferrochrome Production Facility in Sault Ste. Marie, Pirie thinks it's only a matter of time before plans change in favour of establishing it in Timmins.

Noront is giving the Sault Ste. Marie community an opportunity to hear more about the company and the proposed Ferrochrome Production Facility on Wednesday.

However, Pirie thinks the backlash Noront has already received from physicians in the city, threating to leave town and from Indigenous people, will prompt Noront to look for a more favourable location like the one in Timmins.

"The pollution associated with that type of facility is water pollution and we're able to handle it because as I said, those tailing facilities out there are result of 50 or 60 years of processing 150 million tonnes of poly metallic materials and all the nasties are contained in there… the systems are designed to contain it so there's no threat to the water table," explained Pirie.

He also thinks it's more than just about public opinion and says money talks.

"I think it will come down to shareholder pressure. The shareholders aren't going to be happy that Noront's… the name, the brand is being negatively affected by the perception in Sault Ste. Marie… I think it will come down to that type of pressure," he added.

Noront officials say they are in travelling mode and will wait to comment once they arrive at the open house in Sault Ste. Marie.

The open house runs from 3 p.m. to 8 p.m. on October 23 at the Delta Waterfront, Sault Ste. Marie.

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