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: A nickel for Glencore's thoughts
TinMan
You appear right....
Glencore is hungry for Nickel and has been involved in the chromite project at the ROF thru their XPS Consulting and Testwork Services for years. Glencore is keenly aware of the ROF chromite and its quality and ease of direct reduction by NG as they did the initial scoping and testwork for KWG...
An excellent 2011 pdf can be downloaded....
Conclusions
• Ring of Fire chromites exhibit excellent reducibility, producing a high grade alloy
at very high recoveries
• Reductant consumption is in line with the ore chemistry
• Operating temperatures in terms of slag and metal tapping are modest compared
with other chromites of similar grade
• Energy requirements per unit of Cr in alloy are favourable,
• Overall smelting economics are excellent. .
• Providing infrastructural hurdles can be overcome, Ring of Fire chromites
provide an excellent feedstock for the production of high grade ferrochrome alloy
• Current Situation
• A number of innovative alternatives are currently being investigated which could
provide greatly enhanced process economics and substantially reduced unit
capital cost for in-province processing.
• Results to date are extremely encouraging
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It appears the XPS has kept involved...
https://im-mining.com/2015/07/15/xps-continues-support-of-ring-of-fire-process-development/
XPS continues support of Ring of Fire process development
Posted by Matrix on 15th July 2015
XPS notes in its latest newsletter that the Canadian federal government is still keen on advancing development of the Ring of Fire. The Ring of Fire is a crescent shaped area located approximately 240 km west of James Bay and northeast of Thunder Bay. There is tremendous opportunity in the Ring of Fire to create new jobs in northern Ontario.
Natural Resources Minister Greg Rickford initiated the siren at the opening of business on Thursday May 14 at the Toronto Stock Exchange to mark National Mining Week, a celebration of Canada’s leadership and expertise in the industry.
The minister hand-picked a who’s who of ‘movers and shakers’ from Northern Ontario to accompany him at the ceremony and they met in a roundtable session afterward to discuss mining in the Ring of Fire. In attendance was Mika Muinonen, Manager, XPS Extractive Metallurgy and Dominic Fragomeni, Director XPS, Frank Smeenk, President and Chief Executive Officer of KWG Resources, and Alan Coutts, President and CEO of Noront Resources.
Rickford, who is also minister of the Federal Economic Development Initiative for Northern Ontario, said the theme of mining week this year was Innovation in Canada’s Mineral Development Model.
“In today’s world, innovation is the price of admission, the prerequisite for success,” said Rickford.
The Conservatives’ Economic Action Plan 2015 pledged C$23 million over five years for the further development of the technology and innovation required to develop rare earth elements and chromite.
“This will be critical as the Ring of Fire moves forward,” he said.
XPS has been collaborating with NRCan, Canmet, industry and peer groups in charting the course for these programs in both rare earths and chromite. XPS position in chromite processing is well known as it has been working with KWG Resources in the testing and development of a novel direct reduction technology for Ring of Fire chromite and with Cliffs (now Noront) in the assessment of conventional DC smelting technologies complete with techno-economic analysis.
The diagram, courtesy of Noront Resources, shows the Ring of Fire regional magnetic fabric
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Why would they stop being interested? If I were Glencore I would be funding that billion dollar smelter in some sort of deal/marriage with Noront.
GLTA
Ringer
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