The Globe and Mail reports in its Saturday edition that a road connecting remote first nations in Northern Ontario's Ring of Fire region to the south would cost $264-million to $559-million, according to a government-funded study. The Globe's Bill Curry writes that the All-Season Community Road Study has not yet been made public, but The Globe says it has obtained a copy. The $785,000 study was paid for by the federal and provincial governments. Ottawa and Ontario are considering options to address the needs of remote first nations while also responding to the potential for major mining development, involving Noront Resources and KWG Resources, if the region is made accessible through a new road or rail line. It is estimated that the Ring of Fire mineral development would be worth billions if resources companies had road or rail access. That has prompted Ontario to pledge $1-billion toward infrastructure in the region. The province has called on Ottawa to match that amount. The cost estimate varies based on the route options and whether the roads would be paved. The figures are similar to an industry estimate from 2012 that a road to the Ring of Fire would cost about $500-million.
KWG DEADLINE FOR FNC SEPT 30
FNC SHOULD GET MORE SHARES
