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Noront Resources Ltd. NOSOF

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.


OTCPK:NOSOF - Post by User

Comment by surveyor2582on Aug 27, 2018 7:05am
147 Views
Post# 28520633

RE:RE:Finally this study to be completed

RE:RE:Finally this study to be completed

OTTAWA -- A group of academic researchers say a dedicated, cross-Canada corridor for roads, rail, pipelines and communications lines could cost $100 billion to build.

The researchers from the University of Calgary's school of public policy say creating the corridor to transport goods and people would eliminate the need for multiple reviews of pipeline and transportation projects, allowing governments to review and consult with aboriginal groups on the correct path for a right-of-way where projects could then be built.

To make it happen, governments would have to spend money to lay the groundwork for private investment, but just how much the federal and provincial governments would have to put in is something the researchers say needs further study before shovels go in the ground.

 

northern corridor

Proposed and existing routes for the northern corridor. (Map: Fellows, Sulzenko, University of Calgary)

"We don't expect the $100 billion to be put up by governments,'' said report author Andrei Sulzenko.

"This is ideal for private sector, long-term private sector investment, just like they do all over the world and I know ... people are sitting on piles of cash looking for good projects.''

The proposed 7,000-kilometre northern corridor, the idea of which has been batted around for years, would run from Labrador, through northern Quebec and Ontario, then west through the boreal forest and up to the country's northernmost communities.

The corridor would make it easier and cheaper to move goods in and out of the North and likely bring down the high cost for food and utilities in northern communities large and small, the report argues.

 

And it would also allow resource extraction companies, such as mining companies operating in Ontario's Ring of Fire, to ship their products east-west to reach emerging trading partners like China rather than through traditional north-south routes designed for trade with the United States.

"There are just so many potential benefits that we think it's incumbent on the Canadian public to start this discussion right away and make sure that we don't sit idly by and sort of wait for the future to pass us by,'' said researcher G. Kent Fellows.
amarjeet sohi
 

nfrastructure Minister Amarjeet Sohi. (Canadian Press photo)

Infrastructure Minister Amarjeet Sohi told a Senate committee on May 4 that he has had talks with "various stakeholders and proponents'' along the corridor.

He said work on the idea was not "coming together in a co-ordinated way yet.''

"If we want to facilitate resource development, we need to have more of a co-ordinated approach, and also interest from the private sector, so that we know what level they are at in their investments. That is where we are. It's very high level at this time,'' Sohi told the transport committee.

 


 


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