Do you folks remember this from the Ontario Chamber of Commerce?

“Ontario’s economy is at a historic crossroads. Its value proposition in the global economy has shifted dramatically. Ontario, now more than ever, must identify and champion opportunities where it can be a global leader. The Ring of Fire is such an opportunity. We believe that this globally significant deposit of minerals in Ontario’s Far North is one of the province’s greatest economic development opportunities in a generation. “

Has this GREAT economic development been the ONLY GREAT opportunity that has been …languishing for years?

How about Teck’s Frontier Oil sands project as an example? That project has been in the “stages” since 2009!..But why start development on a project if the “crystal Ball” showed crappy commodity prices for a decade ahead.  Same for the ROF …right? Why rush ahead  after the discovery ….if your crystal ball shows crappy metal prices for the next 10 years. Might as well make good use of the time…like consolidation of the ROF  for instance and other acquisitions….

But …there appears to be relief in sight.

Amazing how Teck’s prediction in 2016  appears to be coming true..that 2020 will be a better year…

And when you follow the bread crumb trail below, Folks at Brookfield feel good about that timeframe too. Interesting, looking at the construction start of Watay’s project and the Internet projects near the ROF all expecting this 2020 to be the start of a better time. If I were to be an owner of an East west road..I’d say now would be a good time to jump in.  Please read below.

The predicted economic benefits of the project(Teck’s Frontier Oil Sands) are based on oil prices not seen in years.

In projections for the economic benefits of the project, the company used “an average long-term real oil price of US$95 per barrel for West Texas Intermediate” — a price not seen since 2014 — to calculate its base case for the economic impact of the project.

“Prices are forecast to be US$80 to US$90 per barrel by 2020, and increasing thereafter,” Teck said in a 2016 submission. 

In its low-price scenario, Teck assumed an average WTI price of $76.51 per barrel and a high-price scenario of $115 per barrel. As of this writing, the price for WTI crude oil was under $60 per barrel — and has only reached $75 once since November 2014.

“The panel understands that there is considerable uncertainty regarding forecasts for future oil prices,” the report states. Nevertheless, the panel reiterated Teck’s prediction that the project will yield “$55 billion to Alberta in taxes and royalties.”

“The Frontier project will provide significant economic benefits for the region, Alberta, and Canada,” the panel concluded.

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4 days ago..

https://www.mix1037fm.com/2019/11/07/79792/

The provincial government is throwing their support behind Teck Resources’ proposed Frontier oilsands project.

The GoA announced last week they’re approving the site, which would be located around 110 km north of Fort McMurray, moving the project one step closer to starting construction.

The province’s approval comes after a Joint Review Panel recommended it move forward.

“Projects like these show that companies have confidence investing in Alberta,” said Sony Savage, Energy Minister, in a release.

“Provided the projects are in the best interest of Albertans, we need to hold up our end of the bargain by ensuring timely approvals.”

Frontier would produce around 260,000 barrels of oil per day, creating around 2,500 jobs during their operations and 7,000 during construction.

The federal government still needs to approve the project before Teck can start the next stages of development which includes making final investment decisions and applying for other environmental licences and local area development permits.

Recently, the Impact Assessment Agency of Canada announced they were holding a public comment period where groups and individuals can share their opinions on the project.

The deadline to submit your comment is November 24, 2019"

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In another article the Federal Gov't has until ....Feb. 28, 2020 to make a decision. So what do you think the decision will be from the Fed gov’t??

Seems Brookfield ..feels pretty confident of the decision..see below.

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FROM YESTERDAY:

https://www.mix1037fm.com/2019/11/12/79897/

A new partnership is being developed to support the Indigenous community in Fort McMurray.

AlumaSafway and the Infinity Métis Corp announced on Tuesday the creation of the AlumaSafway Infinity Joint Venture which will be the largest Indigenous scaffolding, insulation, and coatings provider in Canada.

“We are promoting the training and development of our workers, increasing meaningful job opportunities for our people, and adding tremendous value to the Métis community, contractors and customers,” said Bill Loutitt, CEO of the McMurray Métis, in a release.

The partnership is expected to help create greater employment opportunities for Indigenous workers in the oilsands.

The Venture will provide scaffolding, industrial access solutions, insulation, fireproofing, coatings, and refractory. They expect this work will help safely increase productivity on shutdowns, capital projects, and ongoing facility maintenance work.

“This partnership is the next important step in our continued support of the Indigenous community and our customers in Canada,” added Dave Witsken, BrandSafway’s Energy and Industrial division president.

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So who is this Alumasafeway company?  You can peel all the layers and its part of …..

Clayton, Dubilier & Rice is an American private equity company. It is one of the oldest private equity investment firms in the world. Founded in 1978, CD&R has managed the investment of approximately $28 billion in 85 businesses—mostly subsidiaries or divisions of large multi-business corporations—representing a broad range of industries with an aggregate transaction value in excess of $125 billion. Approximately sixty percent of CD&R's transactions have involved corporate divestitures.

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Back in 2017..

https://www.aluma.com/us/news/press_releases/?view=2574

The primary go-to-market name in the United States will be BrandSafway, along with other established and well-known company brands. In Canada, the primary go-to-market names will be AlumaSafway, Brand and Dalco.  In international markets, existing brand names including Aluma Systems, Brand Energy & Infrastructure Services, Hünnebeck, and SGB, will remain. Post-closing, all operating entities that have been part of Brand and Safway will be maintained to ensure a seamless transition for customers.

And six weeks ago…

https://www.pehub.com/canada/2019/09/brookfields-pe-group-to-acquire-45-pct-stake-in-brandsafway/

Brookfield together with it’s institutional partners  AND Clayton, Dubilier & Rice(CD&R) announced an agreement for Brookfield to acquire half of CD&R ownership of Brand Industrial Services(Brand Safeway company)