Now is the time for Ring of Fire development: KWG official – TbNewsWatch.com

March 18 2015

THUNDER BAY – A federal treasury board statement indicating that now may not be the time to move forward with Ring of Fire development has drawn sharp criticism from at least one major stakeholder.

Tony Clement was a guest speaker at a Timmins Chamber of Commerce luncheon Monday where he told the audience he does not anticipate the federal or provincial governments taking a larger role in the Ring of Fire until mineral prices rise.

Mo Lavigne, KWG Resources vice-president of exploration and development, was a panelist at a Ring of Fire discussion hosted by the Thunder Bay Chamber of Commerce Tuesday. He responded to Clement’s statement, telling reporters after the event that the idea of current commodity prices negatively affecting development is misguided.

“He’s really regurgitating a narrative that’s totally incorrect,” lavigne said.  “For chromium and nickel this is exactly the right time to be developing the Ring of Fire.

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