Ring of Fire Updates Uncategorized Weekly News Roundup

May 11 – 17, 2021: Weekly News Roundup

Attawapiskat, Fort Albany and Neskantaga First Nations have demanded a halt to the Environmental Assessment until meaningful consultation can be done. This would require in-person meetings (after the pandemic), fair process, and adequate exchange of information.

Three cases of COVID-19 were confirmed in the community of Neskantaga.

Some business analysts are predicting that after the pandemic there will be a “commodities super-cycle” and that an increase of mineral extraction is anticipated. Sault Ste. Marie has been designated as a “foreign trade zone” (FTZ), which means that it will be exempt from many duties, tariffs and taxes for businesses that import and export from the city; this will mean a lot more foreign businesses will want to buy from the area.

May 10, 2021 (Northern Ontario Business)

Neskantaga First Nation calls for halt to environmental study process on Ring of Fire road

Pandemic restrictions preventing adequate consultation between government and Indigenous members

“Neskantaga First Nation is calling for a halt to all the environmental assessment (EA) processes in the Ring of Fire.

Chief Wayne Moonias is demanding a “pause” in the process until the pandemic is over when meaningful consultation can take place on the proposed north-south corridor to access the Far North mineral belt.” Read more here . . .

May 13, 2021 (TB News Watch)

Neskantaga declares COVID state of emergency

Two cases detected in the Northwestern Ontario community, the first two since the pandemic began.

“NESKANTAGA FIRST NATION — A state of emergency has been declared in Neskantaga First Nation after two positive COVID-19 cases were detected in the community.” Read more here . . .

May 17, 2021 (Sootoday.com)

The commodity boom and Sault Ste. Marie

What this means for the local real estate market

“Suddenly, commodities are popular again. 

Just before Christmas, Goldman Sachs Group released a market outlook that predicted the onset of a new commodity bull market. 

Commodity prices are at their highest levels in a decade. There’s an increasing need for copper, zinc, nickel, gold and base metals, and the rising prices are great news for communities throughout Northern Ontario.” Read more here . . .

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