Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: Ontario (cough, cough) to Benefit From Infrastructure Investments: BMO
We all know we're being taken for a ringer of a ride.
Sousa, Gravelle and Wynne are pressuring the Feds to cough up $1B, even though they don't have a business plan. What are they thinking?
Every thing you read has been written hoping the vast majority of you are complete idiots, with no idea of what's really happening at the board room meetings in the governments of Ontario and Canada and all the major companies who will make millions from the development of the Ring of Fire.
Let's take a little example. Guess which company will make millions from the Ring? Aecon
Hey, look who is on the board of Aecon. Anyone we know?
Joseph A. Carrabba
Corporate Director
Joseph A. Carrabba is the outgoing Chairman, President and Chief Executive Officer of Cliffs Natural Resources Inc., where he has served in executive capacities since 2005. Prior to joining Cliffs Natural Resources Inc., Mr. Carrabba gained broad experience in the mining industry throughout Canada, the United States, Asia, Australia and Europe. He served for over 20 years in a variety of leadership capacities at Rio Tinto, a global mining company, including as President and Chief Operating Officer of Rio Tinto’s Diavik Diamond Mines, Inc. in the Northwest Territories. He is also a director of Newmont Mining Corporation, KeyCorp, National Mining Association, American Iron and Steel Institute, Capital University Board of Trustees and the Frostburg State University Foundation.
Mr. Carrabba holds a Bachelor of Arts from Capital University in Ohio and a Master of Business Administration from Frostburg State University in Maryland.
Hon. Brian V. Tobin, P.C., ICD.D
Vice Chairman and Lead Director, Aecon Group Inc.
Vice Chairman, BMO Capital Markets
The Hon. Brian V. Tobin, P.C., served as the Federal Minister of Industry from October 2000 to January 2002. Previously he served as the Premier of Newfoundland and Labrador from 1996 to 2000 and won two consecutive majority governments in provincial elections held in February 1996 and February 1999. Mr. Tobin served as a Member of Parliament from 1980 to 1996 and served as Minister of Fisheries and Oceans in the federal cabinet from 1993 to 1996. Mr. Tobin is Chairman of the board of New Flyer Industries Inc. He is the former CEO and President of Consolidated Thompson Iron Mines Limited which was sold in 2011 to Cliffs Natural Resources Inc. In addition, Mr. Tobin is the Vice Chairman of BMO Capital Markets and is strategic advisor to a number of Canadian corporations. Mr. Tobin is ICD.D certified.
Mr. Tobin is Aecon’s Lead Director and is also a member of the Corporate Governance, Nominating and Compensation Committee.
MarketWired
BMO Financial Group
November 17, 2014 14:55 ET
Ontario to Benefit From Infrastructure Investments: BMO
TORONTO, ONTARIO--(Marketwired - Nov. 17, 2014) - BMO Economics today noted the benefits of making investments in infrastructure, on the occasion of the release of the Government of Ontario's Fall Economic Statement.
"There's little question that Ontario can benefit from targeted infrastructure investments, especially at current low interest rates," said Robert Kavcic, Senior Economist, BMO Capital Markets. "Such investments will need to be managed in the context of historically-high levels of debt.
"Transit and transportation infrastructure in the Greater Toronto Area is one example that would help improve productivity in a city that accounts for almost 20 per cent of Canadian GDP," noted Mr. Kavcic.
The Province said in the Fall Economic Statement that it is investing more than $130 billion in public infrastructure over the next 10 years, which it says will create over 110,000 jobs on average each year. These investments include nearly $29 billion in dedicated funding for public transit, highways and other critical infrastructure. The Province has also committed $1 billion in transportation infrastructure to support development of the Ring of Fire - a region that includes the largest deposit of chromite - a key ingredient of stainless steel - ever discovered in North America, as well as nickel and other minerals.
"Infrastructure is critical to ensuring a healthy and vibrant economy, and it lies squarely at the heart of government responsibility," said Hon. Brian Tobin, vice chair, BMO Capital Markets. "Infrastructure investment requires cooperation and funding between the public - federal, provincial and municipal - and private sectors. Across Canada, vital infrastructure is in urgent need of revitalization. Partnerships between the public and private sectors are a proven path for reducing the infrastructure deficit."
Mr. Tobin concluded that, "Ontario is one of the world's leading jurisdictions for alternative financing. Infrastructure Ontario and its partners have a strong track record of delivering infrastructure projects, within budget and in a timely manner."
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had more than $586 billion in total assets and approximately 47,000 employees at July 31, 2014.
CONTACT INFORMATION
Media Contacts:
Peter Scott, Toronto
(416) 867-3996
PeterE.Scott@bmo.com
Pav Jordan, Toronto
(416) 867-3996
pav.jordan@bmo.com
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