chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
For probably most of you who don't know The Ring of Fire is the name given for the largest discovery of minerals in Canada ever. If you bother looking it up you will find there is an enormous high grade chromite deposit and a large nickel deposit and many other minerals but there is no infrastructure(permanent roads or railroad) yet but the provincial Gov has a billion dollars and want to make an anouncement in a few weeks and China is interested in building the raiload and possibly more since there is access to the ocean. I have been following it closely for over 3 years. Also in the area there has been a Diamond mine running since the early 90's(De-Beers) that has about 2 years left to mine the Kimberlyte pipe(area that has the Diamonds) and it seems they are no longer welcomed. Its in Native land(Aboriginal peoples land). There are about 15 more K-Pipes in the area. Some owned by a junior mining company that is for sale. That company is owned by another junior mining company that has not only millins of tons of high grade chromite but also a process to refine it to Ferrochrome at half the cost and ups the quality signifanctly it also has staked the right of way for the Railway. In fact they just got back from China. I can go on and on but nobody cares.
chatonlyman2: For probably most of you who don't know The Ring of Fire is the name given for the largest discovery of minerals in Canada ever. If you bother looking it up you will find there is an enormous high grade chromite deposit and a large nickel deposit and many other minerals but there is no infrastructure(permanent roads or railroad) yet but the provincial Gov has a billion dollars and want to make an anouncement in a few weeks and China is interested in building the raiload and possibly more since there is access to the ocean. I have been following it closely for over 3 years. Also in the area there has been a Diamond mine running since the early 90's(De-Beers) that has about 2 years left to mine the Kimberlyte pipe(area that has the Diamonds) and it seems they are no longer welcomed. Its in Native land(Aboriginal peoples land). There are about 15 more K-Pipes in the area. Some owned by a junior mining company that is for sale. That company is owned by another junior mining company that has not only millins of tons of high grade chromite but also a process to refine it to Ferrochrome at half the cost and ups the quality signifanctly it also has staked the right of way for the Railway. In fact they just got back from China. I can go on and on but nobody cares.
Hey, chat. Are the diamond mines way north where even polar bears won't go.
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
galrads: Hey, chat. Are the diamond mines way north where even polar bears won't go.
The Polar Bears have been even a bit further south than that this year. Global warming has made the North-West Passage more than just possible. Diamonds are already a producing asset. Hint.
chatonlyman2: The Polar Bears have been even a bit further south than that this year. Global warming has made the North-West Passage more than just possible. Diamonds are already a producing asset. Hint.
Fark the bears and the diamonds , chromite is needed for artillery barrels . Russia and south Africa are the two other main sources , not exactly western friendly any more .
And there was me thinking this was going to be a warning about mixing up the tubes deep heat and ointment for yer piles !
There must be a lotta people on here who use both of those products and the way they belch, gripe and whine I'm of the opinion it's very probably a more common mistake than they'd like to admit to !
But, never mind ... the geography part was nice eh !
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
epirb: Fark the bears and the diamonds , chromite is needed for artillery barrels . Russia and south Africa are the two other main sources , not exactly western friendly any more .
Yes the ability to be a global player in the stainless steel industry will be very good for all industries. This is especially for North America where this industry has been basically non-existent.
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
HexagonKeySet: And there was me thinking this was going to be a warning about mixing up the tubes deep heat and ointment for yer piles !
There must be a lotta people on here who use both of those products and the way they belch, gripe and whine I'm of the opinion it's very probably a more common mistake than they'd like to admit to !
But, never mind ... the geography part was nice eh !
lifeisadreamMexi Go, Mexico State Mexico16,713 posts
chatonlyman2: For probably most of you who don't know The Ring of Fire is the name given for the largest discovery of minerals in Canada ever. If you bother looking it up you will find there is an enormous high grade chromite deposit and a large nickel deposit and many other minerals but there is no infrastructure(permanent roads or railroad) yet but the provincial Gov has a billion dollars and want to make an anouncement in a few weeks and China is interested in building the raiload and possibly more since there is access to the ocean. I have been following it closely for over 3 years. Also in the area there has been a Diamond mine running since the early 90's(De-Beers) that has about 2 years left to mine the Kimberlyte pipe(area that has the Diamonds) and it seems they are no longer welcomed. Its in Native land(Aboriginal peoples land). There are about 15 more K-Pipes in the area. Some owned by a junior mining company that is for sale. That company is owned by another junior mining company that has not only millins of tons of high grade chromite but also a process to refine it to Ferrochrome at half the cost and ups the quality signifanctly it also has staked the right of way for the Railway. In fact they just got back from China. I can go on and on but nobody cares.
I read it is needed 1.5 billion for the railroad. Is there a way of having Canadian funding for the railroad? either through the Gov or an independent Mine Corporation fund?
There are huge Canadian mining companies, could they make the investments for the railroad as well?
What are the Chinese after, besides free access to minerals?
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
lifeisadream: I read it is needed 1.5 billion for the railroad. Is there a way of having Canadian funding for the railroad? either through the Gov or an independent Mine Corporation fund?
There are huge Canadian mining companies, could they make the investments for the railroad as well?
What are the Chinese after, besides free access to minerals?
Excelent questions Who will build and who will own the Ring of fire remains to be seen. The cost of building a railroad would depend on the type of rail cause it would make sense in the long term to go High Speed Rail in which China are experts in building.Nonetheless China's infrastructure is basically done and they are expanding to other parts of the world with their expertise in building infrastructure. I could say more but... I gotta go.
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
lifeisadream: I read it is needed 1.5 billion for the railroad. Is there a way of having Canadian funding for the railroad? either through the Gov or an independent Mine Corporation fund?
There are huge Canadian mining companies, could they make the investments for the railroad as well?
What are the Chinese after, besides free access to minerals?
CN(formerly Canadian National Railroad) can build a railroad but (FSDI) First Survey and Design Institute have done a Feasibility Study and have a 3 year Standstill Agreement with KWG Resources that started in November of 2015. Look them up
chatonlyman2OPNorth Bay, Ontario Canada6,600 posts
chatonlyman2: CN(formerly Canadian National Railroad) can build a railroad but (FSDI) First Survey and Design Institute have done a Feasibility Study and have a 3 year Standstill Agreement with KWG Resources that started in November of 2015. Look them up
In all fairness I should mention the Provinces Love Child Noront cause they might be able to aquire the rest of the land holdings. Its very confusing unless you really follow it then its only confusing
lifeisadreamMexi Go, Mexico State Mexico16,713 posts
chatonlyman2: CN(formerly Canadian National Railroad) can build a railroad but (FSDI) First Survey and Design Institute have done a Feasibility Study and have a 3 year Standstill Agreement with KWG Resources that started in November of 2015. Look them up
Who holds the "permits" for the extraction of the minerals?
I guess they are the ones to set the tone of the negotiations.
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in Canada ever. If you bother looking it up you will find there is an enormous high grade chromite deposit and a large nickel deposit and many other minerals but there is no infrastructure(permanent roads or railroad) yet but the provincial Gov has a billion dollars and want to make an anouncement in a few weeks and China is interested in building the raiload and possibly more since there is access to the ocean.
I have been following it closely for over 3 years.
Also in the area there has been a Diamond mine running since the early 90's(De-Beers) that has about 2 years left to mine the Kimberlyte pipe(area that has the Diamonds) and it seems they are no longer welcomed.
Its in Native land(Aboriginal peoples land).
There are about 15 more K-Pipes in the area.
Some owned by a junior mining company that is for sale.
That company is owned by another junior mining company that has not only millins of tons of high grade chromite but also a process to refine it to Ferrochrome at half the cost and ups the quality signifanctly it also has staked the right of way for the Railway. In fact they just got back from China.
I can go on and on but nobody cares.