rail?
posted on
Feb 05, 2019 01:35PM
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)
When I look at all 3 links, I get the feeling Rail for the Rof is in the works, and I keep seeing the continual Ring of Fire, Teck Resources.... coincidences.
Last November 2018 there was the 4th Transportation Summit
Panel #3
Features the whole gang.
Ehren Cory, & folks from: Canada Infrastructure bank, SNC lavalin, Hatch, And...CNR (Canadian National Railway)
Executive Director for Infrastructure Ontario’s (IO) Transaction Structuring Risk and Commercial Projects division, where he oversees transaction finance, procurement, program management office, commercial projects, and communications, stakeholder relations, and strategy groups.
Since joining IO in 2012, Ehren has been a key advisor to multiple provincial clients on major economic development, infrastructure and business advisory mandates.
Prior to joining IO, Ehren was a partner at McKinsey & Co., a global management consulting firm, where he was a leader in the Infrastructure and Public Sector practices.
============================================
Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Dominic Barton has agreed to join its Board of Directors, effective September 1, 2018.
Mr. Barton has been the Global Managing Partner of McKinsey & Company for the past nine years. He is the Chair of the Canadian Minister of Finance’s Advisory Council on Economic Growth and the Chair of the Seoul International Business Advisory Council. He is also a Trustee of the Brookings Institution, a Rhodes Trustee, and an Adjunct Professor at Tsinghua University in Beijing. He is one of the founders and serves on the Board of FCLT Global (Focusing Capital on the Long Term) and is a member of the Boards of Memorial Sloan Kettering in New York and the Asia Pacific Foundation in Canada. Mr. Barton graduated from the University of British Columbia with a BA Honors in economics and studied as a Rhodes Scholar at Brasenose College, Oxford University.
Dr. Norman B. Keevil, Chairman of the Board of Teck, said that he will retire from that role on October 1, 2018, at which time Mr. Barton will replace him as Chairman. Also at that time, Norman Keevil III, who has been a director of the company since 1997, will become Vice-Chair of the Board.
=======================================================================
https://www.railwaypro.com/wp/kwg-and-china-railway-fsdi-ink-strategic-cooperation-agreement/
KWG Resources Inc. has entered a framework strategic cooperation agreement with China Railway First Survey & Design Institute Group Co., Ltd. (FSDI). Pursuant to the strategic cooperation agreement, the parties have also executed a conditional bankable feasibility study consultation service agreement (BFSCS).
Under terms of the BFSCS the parties have agreed on the deliverables and timetable for FSDI to complete a conditional bankable feasibility study on a railroad from the mineral properties in Ontario’s Ring of Fire to a junction with the CN Railroad at Exton, Ontario.
=============================================================================
From today:
https://canada.constructconnect.com/dcn/news/government/2019/02/infrastructure-bank-narrows-gaze-dozen-projects
In the fall, officials with the Canada Infrastructure Bank (CIB) had more than 120 meetings about more than 60 projects across the country, including some that came unsolicited from the private sector. The bank’s mission is to find ways to get private money to pay for public projects that will produce revenue, such as toll roads and transit systems and trade portals.
Officials have narrowed their focus to about a dozen possibilities for serious consideration, but details about them will only become public if the agency agrees to back work with loans or equity stakes.
The bank’s political critics say it is acting in secret with billions of public dollars and hasn’t gotten much done anyway. The agency says making the projects public before deals are signed could cause financial harm to their public owners and private backers.
Infrastructure Bank CEO Pierre Lavallee says there is a negotiation process for any projects under serious consideration that includes the sharing of confidential financial information that can’t be made public.
“The CIB will be one of many partners involved in a project. Since we are an investor, we will have to respect commercial confidentiality with the other partners, especially the owners or sponsors,” Lavallee said.
“When decisions are made for CIB to invest in projects, then there will be information shared with the public.”
The Liberals created the agency in 2017, hoping to use $35 billion in federal funding to pry three to four times that from the private sector to pay for new infrastructure projects that are in the public interest. In practice, that means projects need to meet federal policy objectives, along with those of the jurisdiction housing a particular project.
Projects also need to be “bankable,” meaning they could attract private dollars and “appropriately transfer revenue risk to the private sector,” read part of Infrastructure Minister Francois-Philippe Champagne’s briefing binder, obtained by the Canadian Press under the federal access-to-information law.
Internal government documents previously obtained by the Canadian Press have suggested the bank could provide a loss buffer to the private sector, and bear some risk to help projects get completed.
The briefing binder says the bank planned to develop a “national project pipeline” over the next year. The aim was to “catalyze the market” by listing “projects at various stages,” including those the agency “might view as potential investments.”
“The first version of this project inventory is expected to be operational in the coming months and will develop over time, based on how government partners use the new tool for planning and prioritizing opportunities and challenges that could interest investors,” said Ann-Clara Vaillancourt, a spokeswoman for Champagne.
Although the body is arm’s length from government, it won’t be out of reach from political rhetoric in an election year.
So far, the bank has signed a financing agreement for one project — a $1.28-billion loan for an electric rail transit system in Montreal, best known by its acronym R.E.M., which the Liberals identified as an early win for the agency.
The loan replaced the same amount of money the Liberals had pledged through traditional funding programs.
Conservative infrastructure critic Matt Jeneroux said the agency is costing taxpayers millions of dollars in operational expenses, absent “transparency or accountability regarding infrastructure investments.”
Jeneroux said the lack of projects from the bank “except for the one that was re-announced” suggests the agency isn’t living up to the promise the Liberals made.
“At the end of the day, when it comes to infrastructure projects, talk is cheap.”
NDP infrastructure critic Brigitte Sansoucy said the bank has a “track record of secrecy and inadequate public engagement” that has frustrated municipalities and stakeholders. She questioned whether the agency would work in the public interest, or for private funders.
“We need to ensure that infrastructure projects actually meet the Canadian public’s infrastructure needs and not the private sector for their revenue-generating potential,” Sansoucy said.
“We have serious doubts this will happen under the leadership of this government, especially with how they’ve structured this institution.”
Both parties said any policy promises they intend to make about the bank will be released in the coming months.