First Nation chiefs still POed about Cliffs chromite sale

The chiefs claim the net smelter royalty agreement between Noront and its financial backer, Franco-Nevada, will hinder the mine’s construction, reduce profitability, causes more exposure to pricing cycles and means less profits are shared with area First Nations.

The chiefs are also opposed to an east-west road corridor to service Noront’s nickel deposit in the Ring of Fire. They favour a north-south corridor that will move chromite.

http://www.northernontariobusiness.com/Industry-News/mining/2015/04/First-Nation-chiefs-still-POed-about-Cliffs-chromite-sale.aspx