Re: Northern Ontario’s Ring of Fire needs a road, not rail, Noront CEO asserts
posted on
Apr 21, 2016 10:35PM
" He (Coutts) and Nor ont have been saying all along that a road is needed first....."
This a matter of cited multi -media record, had the Globe writer done an unbiased and "evidence based" (formerly called fact) article. Check any of the last three corporate Noront presentations.
Why is it that the liberals, (Feds and ON) always mention only chromite in speaches and PR's, and not Ni, PGMs when talking about the ROF and promised infastructure investments, in their frequent funding (fed elections) and (ON election promises plus two budget repeats,), not counting McGinties promises.
Could it be that neither the ON liberals have no intention of doing anything for the ROF promised $1B infastructure investment until just before the 2018 election, if ever, ( too late for achieving the 2020 Ni production target published in Coutts/ NOT sept 30/15 revised (again) target in the Corporate Presentation. .....(and delivery of the promise after winning that election.).
Remember, ON is broke, with the promised Fed $8.7B FN funding going to FN Canada wide social welfare services, but called infrastructure, for double counting and obfuscation purposes.
The conservatives were asking Ontario for their ROF plan for two years prior to the Oct/ 15 fed election as the condition to get the $1B matching funds from Ontario.
Ontario never delivered any plan.
Post fed liberal win, Wynne complains to her Trudeau buddy that ROF Ontario $1B investment is not coming till Feds match. Trudeau Feds say, where's your plan/application? (sound familiar?) Wynne, without ever answering the T jr question, now says she is awaiting Chinese Railroad investment for Chromite railway. Noront , Ni, and EW road are never mentioned. No wonder Coutts is pissed.
Only Chromite (but never Ni, PGMs etc), is mentioned as a synonym for the ROF by the Ontarion press....Torstar and Globe.
Why is that??
The Feds did not mention the ROF in their March budget. Ontario has lied about its ROF infastructure investment for more than three years and clearly has no money to action it's promises until re- elected in 2018.
This is clearly fed -ON liberal collusion to provide bogus cover for a litany of broken ROF promises....unless both governments use China as the next "possible" ROF investor..... a railway for chromite, only. Road only not needed for another five years, says says railroader Gravelled while getting it right...... into the next term of both fed and ON governments.... when all those Billions ($8.7B) is spent on the FN social assistance getting them educated and capable to actually do (all?) the work.
So Coutts allegedly said ..... (unquoted, but Globe reported), EW road first, railway next (about five years after Ni.
It's in the NOT Corp. presentations.).
Coutts said in NRs that Noront required permits , required by FN support, revised / new/ updated FSE's, including combined former KWG and NOT chromite resources, would be forthcoming in Q3/16...... to match the ON promised permitting and mandatory Financing requirements, regardless of lender.
I think Coutts' speach re Ni first- start small, prove revenues, chromite (rail) later when Cr prices and demand reappears; ie economically justified) reflects that he has just been told by the liberal cabal, who are Backing each other's latest version of the truth.
Coutts was rightly pissed, as am I.
He was lied to again by ON and when Coutts went back to the Feds, they backed Wynne who delivered the ON winning fed votes.
I think China is yet another unspecified futurist pseudo BS hope indicator, to provide yet another "getting it right" ROF delay.
About two or three years ago I wrote here that NOT was for my grandkids, but not me. I didn't realize then that they wouldn't be getting much, if anything.
Peter
"
The Chinese don't care about the economics of the chromite they just want to build a railroad and if they can make that happen by pumping everyone up about the chromite they will do it. As for KWG, all they have is chromite so of course they are going to be cheering on the chromite."