Re: Northern cities make a grab for the chromite ring-Algoma dynamic

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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Ringer

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Re: Northern cities make a grab for the chromite ring-Algoma dynamic

in response to

Northern cities make a grab for the chromite ring

luker

posted on Feb 06, 2018 12:33PM

Great summary article Luker, thx for posting. A little insight provided into the ongoing Noront/Algoma dynamic.....?

"This time Essar is backing the city’s bid, along with the secured creditors who are in position to own the city’s cornerstone industry.

The restructuring steelmaker has been under creditor protection since November 2015.

Noront is delaying its decision to allow the restructuring proceedings to conclude. Provenzano anticipates it will wrap up over the next two months."

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