Re: cliffs out, kwg in...
in response to
by
posted on
Nov 21, 2013 04:43PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Hi khareema,
Through corporate and political misadventure, Ontario, now, does not have the right to “develop, construct, finance, operate and maintain infrastructure supporting access to [the Ring of Fire's] strategic resources”. That right belongs to KWG Resources.
In this particular case, Ontario can not expropriate KWG’s sole prior right to surface rights to the only viable ROF north/south heavy ore transport corridor, as those rights have been upheld by the Ontario Mining and Lands Commission. The precedence has been established through Cliff’s easement application. Any attempt at expropriation by the Crown would trigger a long chain of events which would be legally onerous, involve conflict of interest and possibly charges being laid under the Competition Act. The case would tie up development, take many years to settle, reach Canada’s highest court of law and could lead to large punitive damages.
North Bay Mayor, Al MacDonald, in an interview with Markus Schwabe of CBC Morning North, on Nov 12, 2013, said that Ontario’s divestiture plan for the ONTC has placed it on life support. The mayor explained that Ontario’s creation of a development corporation is not needed. All the pieces are there already to move the ONTC into the “James Bay & Lowlands Ports Authority”.
http://www.cbc.ca/player/Radio/Local+Shows/Ontario/Morning+North/ID/2417385920/
Premier Wynne has written Prime Minister Harper seeking a role for the federal government to partner with Ontario, through the development corporation, in order to develop vital infrastructure investments for the region. Gravelle said there’s been no word from Harper or Kenora MP Greg Rickford.
The PMO has already explained to Queens Park what the federal role is and the limits of it’s mandate regarding this project.
Ontario has but one option left if it wants to move forward.
Infrastructure Ontario and the MNDM need to become shareholders and agree to transfer it’s shares of the Ontario Northland Railway to an already created federally chartered, shell crown corporation, the “James Bay & Lowlands Ports Authority”.
It’s that simple.
Then all the pieces will fall into place.
KWG would then be able to privately finance the bulk of the ROF railway. It would be able to privately fund the chromite reducer and chromite mine, all located in Ontario.
Canadians and Ontarians should not be forced to pay for the railway, subsidize corporate power rates and see a large part of semi-processed natural resources leave Canada.
KWG’s plan requires no large public funding for ROF railway infrastructure, no corporate power subsidies, no ministerial export exemptions.
http://agoracom.com/ir/KWG/forums/discussion/topics/591503-kwg-s-chromite-super-reducer-a-new-stainless-steel-paradigm/messages/1856301#message