Re: Ontario Chamber of Commerce - Ring of Fire Report-Greasemonkies
in response to
by
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)
Message: Ontario Chamber of Commerce - Ring of Fire Report
Greasmonkies..I heard something similar on 680 news while driving in my car. I just saw this from the observer....
http://www.theobserver.ca/2015/03/10/wynne-wont-rule-out-partial-sale-of-hydro-one
TORONTO - The Ontario government is not ruling out a partial sell off of Hydro One to pay for needed infrastructure improvements, Premier Kathleen Wynne says.
Wynne asked banker Ed Clark and an advisory panel to look at government assets such as Hydro One to find ways to maximize their value to help cover the substantial cost of new transit, roads and bridges, Ring of Fire and other infrastructure priorities.
It was unclear what impact selling a minority stake in Hydro One, as reported by the Globe and Mail, would have an electricity prices down the road.
"Whatever we do, we are going to control prices," Wynne said Tuesday. "We are going to make sure that the regulatory regimes that will protect people in this province stay in place."
Wynne said she is still waiting for Clark's report and has not made any final decisions.
She insisted there would be no comparison to the sale of Hwy. 407 by the former PC government of Mike Harris.
"We are not going to divest an asset that was a huge value and then not make it work for the people of the province," Wynne said. "There's no long-lasting benefit that accrued to the people of the province by the process that a previous government underwent with the 407."
Hydro One is owned by the taxpayers of Ontario.
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and from the 680 news website (funny how they broadcasted Ring of Fire over the radio but you don't see it mentioned on their site). Notice below...decision to come in Spring and no suprise here...TD is chairing the panel.
http://www.680news.com/2015/03/10/wynne-says-no-final-decisions-yet-on-asset-sales-including-hydro-one/
Wynne says no final decisions yet on asset sales, including Hydro One
The Canadian Press Mar 10, 2015 11:48:17 AM
TORONTO – Ontario Premier Kathleen Wynne says she hasn’t made any final decisions yet on asset sales, but she did not dispute a report that she is planning to sell shares in Hydro One.
The Globe and Mail cites industry sources as saying the province would put up 10 to 15 per cent of the provincially owned corporation in an initial public offering.
A panel chaired by Ed Clark of TD Bank Group is looking at possible sales of Hydro One, Ontario Power Generation and the Liquor Control Board.
Its recommendations are expected to come this spring, but in an interim report the panel concluded all three should remain in public hands, but said Hydro One should get out of the local distribution business and focus on its core transmission business.
Wynne says whatever her government decides to do following the panel’s recommendations, it will control prices and make sure that regulatory regimes that protect Ontarians stay in place.
She says the reason for doing the asset review is to leverage money to “invest every cent in transit, transportation infrastructure (and) infrastructure across the province.”
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