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Poor grades for Ring of Fire don’t surprise key players – Northern Ontario Business

Mar 12, 2015

Key industry players in the Ring of Fire mineral deposit said they were not surprised by an Ontario Chamber of Commerce report card that criticized the glacial pace of progress in the region.

During a panel discussion the chamber organized in Sudbury Wednesday, Paul Semple, the chief operating officer with Noront Resources, a junior miner that owns stakes in the Ring of Fire, said the failing “F” grade for the development of the Ring of Fire was warranted.

“We’ve done some good things, there has been a framework agreement with the province for $1 billion, but you don’t win a hockey game with a couple of good shifts,” Semple said. “We haven’t really done anything with that billion dollars, we haven’t done anything with the development corporation, and the framework hasn’t honestly given any benefits to the First Nations.”

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