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: Federal Natural Resources minister wants approvals streamlined

By LAURA STRICKER, THE SUDBURY STAR

Posted 1 hour ago

http://www.thesudburystar.com/ArticleDisplay.aspx?e=3514068

Changes to speed up the approvals process for major natural resource projects will be introduced in the coming months, the minister of Natural Resources says.

"I can't speak to the specific date, but the whole point (is) we want the regulatory process to move more quickly, and so we really have to get on with it ourselves. So we're talking months, not years," Joe Oliver said Friday.

However, he was vague about what exactly those changes will be.

"I can't talk about the detail as specifics, but we're going to make sure that there's an adequate and respectful constitutionally driven consultation process. In other words, we want to have an open dialogue with aboriginal communities.

"We're not going to be doing anything that is going to undermine the ability of the regulator to do a thorough environmental review. We don't want projects to go ahead that aren't safe for Canadians and safe for the environment."

Oliver was scheduled to speak at a Greater Sudbury Chamber of Commerce luncheon on Friday, but was unable to make it when his flight out of Toronto was cancelled due to a wildcat strike by Air Canada ground workers.

However, a streamlined approvals process could be beneficial for the Ring of Fire area. The first stage of its environmental assessment, for the Cliffs Natural Resources' chromite project, began last October.

The project is of particular interest in Sudbury, since Cliffs may build a smelter near Capreol to process the chromite.

The Ring of Fire, which is about 500 km northeast of Thunder Bay, is located in First Nations homelands. There are more than 35,000 staked mining claims in the area, which holds chromite and precious minerals. Chromite is processed into ferrochrome, which is used to make stainless steel.

He stressed that, in bringing in this new process, the environment and the needs of aboriginal communities will still be taken into consideration.

"We are not going to compromise the ability of people with a direct interest in the project to be heard as part of the regulatory process. That of course includes aboriginal communities, to whom we owe a constitutional duty of consultation and accommodation.

"We don't believe that there's an inconsistency between a regulatory system that's modern, effective, efficient and timely and our responsibilities to the environment and aboriginal peoples."

In a recent open letter, Oliver accused radical environmental groups of trying to undermine the Canadian economy.

"I never said that all environmental groups are radicals, but there are some," he said. "There are some, unfortunately, who are opposed to every form of hydro-carbon development. I think there are some that are opposed to any sort of resource development.

"We have too much at stake here. We have trillions of dollars in economic development, 700,000 jobs just from the oil sands, and many hundred thousand more from the mining and hundreds of billions of dollars to governments in the form of royalty payments and taxes, which can go to a fund to improve social programs like health care, education, housing, pensions. So there's a lot at stake for Canadians.

"We have to proceed in a environmentally responsible way, but we want to develop our resources for the benefit of Canadians."

laura.stricker@sunmedia.ca Twitter: @LauraStricker

http://www.republicofmining.com/2012/03/24/ring-of-fire-federal-natural-resources-minister-wants-approvals-streamlined-by-laura-stricker-sudbury-star-march-24-2012/

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