Weekly News Roundup

January 4-10, 2022 : Weekly News Roundup

This week the news focused on KWG Resources’ proposed electrical and rail corridor from the south to the Ring of Fire. When reading the news articles you can see that electric power grid connection to Marten Falls, Webequie, Eabematoong, Neskantaga and Nibinamik is being tied to the mining development and collaboration with resource extraction companies. This shouldn’t be ignored, as a community’s access to the means to survive and thrive should never be tied to accepting resource extraction in their watershed or on their territory.

January 4, 2022 (Mining Weekly):

Wyloo advances Noront pursuit

TSX-V-listed Noront Resources in December entered into a binding agreement with Andrew Forrest’s Wyloo Metals, after that company’s offer was tapped as a superior bid to mining major BHP’s bid for Noront.

Wyloo in December abandoned talks with BHP around the major’s bid for Noront, and instead launched an improved offer of C$1.10 a share for every Noront share held, trumping BHP’s own offer of C$0.75 a share. Read more here…

January 5, 2022 (Mining Weekly):

Study confirms viability of KWG’s electrification plan within the Ring of Fire

An electrical infrastructure capital expenditure report, conducted by OneLine Engineering, has confirmed the positive economics of chromite project operator KWG Resources’ proposed electrification plan within the Ring of Fire, in Ontario. Read more here…

January 6, 2022 (Toronto Star):

Rail corridor will lead to power grid

Five remote First Nations currently relying on diesel-powered generators could be connected to the provincial power grid if an electrified rail corridor is installed to haul ore out of Northern Ontario’s Ring of Fire mineral belt. Read more here…

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