A review of the activities in the ring of fire

Since the start of this blog there has been a lot of talk but not a lot of action. Many companies have big plans to develop in the North of Ontario, but there is no ground work that has been laid. The provincial government has already committed $1 billion for infrastructure upgrades. These upgrades need to be completed before any mines can be opened, since the area is so remote. This is essentially creating a log jam of bureaucracy. The government doesn't want to build until they know that the companies are committed to the area. The companies don't want to commit until they know that there will be an adequate infrastructure for them to use.

Essentially, this is an area that has a lot of potential in an untapped part of Canada. This could generate a lot of money for an area that doesn't have much, but would also have severe environmental consequences. We think that mines will develop eventually, but the real question worth asking is when? It would be hard for the government to justify spending money on an infrastructure now if it is only going to be used in 20 years. In the same breath, the mining companies need to make sure that they are going to make money off of their mines. Only time will tell what actually happens, but there is a lot of optimism right now.

-D