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)

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Message: competitive as other provinces

Premier plugs policies

By CAROL MULLIGAN THE SUDBURY STAR

Updated 3 hours ago

Ontario is offering economic incentives that make it as competitive as other provinces for companies such as Cliffs Natural Resources to build a plant to process Ring of Fire chromite ore, says Premier Dalton McGuinty.

The Northern Ontario industrial rate program cuts 25% from hydroelectricity costs, Ontario has eliminated capital taxes and adopted a harmonized sales tax that's an advantage for business, and it's reducing corporate taxes, said McGuinty

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