Re: ONTC optimism
in response to
by
posted on
Jan 20, 2013 04:18PM
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)
As it stands, there are two entities that could feasibly form the nucleus of an operation supplying transportation into the ROF. One is this Ports authority concept, and the other is the KWG thing we all know about."
khareema, the two entities you refer to might be better understood as agreements rather than entities; "The Secret Deal" and "The New Deal".
"The Secret Deal" was a "non-public agreement in principle", now progressing to a "definitive agreement" by the Liberal government's "Infrastructure Ontario" negotiated by, among others, Rick Bartolucci, Kathleen Wynne, and Cliffs Natural Resources on the Ring of Fire infrastructure, sprinkled with Webequie's agreement, and a token MOU with Martin Falls to add legitimacy to the First Nation consultation process. Some of the items covered by this deal were the selection of the ferrochrome smelter location, electrical supply and publicly subsidized corporate power rates for mine, concentrator and smelter, fast tracked provincial environmental reviews, what portion of public funds should support the north-south mine ore transportation all-weather private corporate toll road, and ministerial exemptions to ship 50% of the chromium concentrate out of province.
After the province announced plans to divest commercially valuable assets of the Ontario Northland Transportation Commission (ONTC) in March 2012, the General Chairperson's Association (GCA), who represents unionised employees at the ONTC, represented by Brian Stevens, proposed "The New Deal", which is currently lobbying the Ontario government to transfer the remaining ONTC assets into a federal ports authority to save jobs by using the remaining pieces of ONTC and building the Ring of Fire railroad proposed by Canada Chrome Corporation, and it's subsidiary, KWG, by folding it into "The James Bay & Lowlands Ports Authority Trustee Corporation", under Canada Maine Act. Roy Hains completed the first step by incorporating this shell.
Stevens said the initiative enjoyed strong support from a wide array of key stakeholders, including First Nations communities, Northern Ontario communities, Nipissing-Timiskaming Member of Parliament Jay Aspin, and mining and various business interests, among others.
However, Ted Hargreaves and Rick Bartolucci are quickly proceeding with the sale of ONTC's communications division, Ontera, in order to help kill any hopes for a "New Deal" in order to honour the terms of their secret deal.
Some wonder if Ontario is facing another Project Vapour. Published Aug. 29, TV Ontario’s senior news editor Steve Paikin states, “And I’m told the terms of the severance the workers would be entitled to is astonishingly generous – 400 of the 1,000 [ONTC] employees would be entitled to a full salary for 14 years. Shutting this thing down is going to be expensive.”
Northern businesses are feeling the ONTC pinch but Bartolucci maintains Ontario will save money from the divestiture in the long run.
If you are looking for more information or support "The New Deal", please send the letter to Jay Aspen here http://www.newdealnorth.ca/Letter.aspx
Would Noront be better off with, Ontario and Cliffs' "The Secret Deal", or the ONTC and KWG's "Federal James Bay Port Authority"? There are many variables, here are some to get the discussion going;
Meanwhile, the hearing of the merits of "2274659 Ontario Inc. v. Canada Chrome Corporation" easement case will take place Monday, the 4th until Thursday the 7th of February 2013, each day at 10:00AM and Monday, the 11th until Thursday the 14th of February 2013, again, each day at 10:00AM at the 24th Floor, 700 Bay Street, Toronto, Ontario.
There will be a telephone conference call on Monday 21st of January, 2013 at 11:00AM between the parties to establish procedural steps.