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)

Free
Message: Cliffs in driver's seat on road to Ring of Fire: minister

"Mining minister Rick Bartolucci says Cliffs Natural Resources will take the lead on figuring how the road to the Ring of Fire is built and financed.

And Bartolucci said the American company is driving the discussion as plans for the road move forward.

“Once the agreement is finalized, then obviously the parametres of the agreement will be made public,” Bartolucci said."

Wow!!!! the gov't has abdicated their responsibility for the transportation corridor to Cliffs. They've let the fox into the henhouse. Cliffs may now have the authority to "bleed" the other mining compnaies on the ROF for funding. They're already trying to bully an easement from KWG for the route. Be careful what you ask for. This is really troubling that the agreement with Cliffs for the corridor is already baked in.

Share
New Message
Please login to post a reply