Ring of Fire Monitor

This site is the 'go to' place for information on the Ring of Fire. As contributing authors are added, we will provide you with some background information on the authors.

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Monday, January 21, 2013

Thank-you, he took us from $3 to 30 cents

January 21, 2013
Noront Announces Appointment of Interim Chief Executive Officer
TORONTO, ONTARIO--(Marketwire - Jan. 21, 2013) - Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) announced today that its board of directors received the resignation of Wes Hanson as President, Chief Executive Officer and a Director of Noront. The Board has appointed Paul Parisotto to act as interim President and Chief Executive Officer and has begun a search to identify a permanent President and Chief Executive Officer. Ted Bassett has been appointed lead director during the period of Mr. Parisotto's appointment as interim President and Chief Executive Officer.

"On behalf of the Board of Directors, I would like to thank Wes for his efforts and dedication at Noront over the past three years, and in particular, for leading the completion of a positive feasibility study in September 2012 of our Eagle's Nest Project in the Ring of Fire. This puts the Company in a good position as it transitions into development with a focus on the financing and development of the Project and related infrastructure. All of us at Noront wish Mr. Hanson the best in his future endeavours" stated Paul Parisotto, Chairman of the Board of Directors.

Mr. Hanson has agreed to continue to be available as a consultant to Noront.

Thursday, November 8, 2012

More ROF Trash Talk

The Chief of Neskantaga First Nation says he's willing to die to ensure his community's rights are protected in the Ring of Fire.
Neskantaga is located at the headwaters of the Attawapiskat River, where the proposed Cliffs mine would be located.
Chief Peter Moonias says he's worried the mine will destroy his community, both from environmental and cultural perspectives.
"They're going to have to cross that river, and I told them if they want to cross that river, they're going to have to kill me first. That's how strongly I feel about my people's rights here," Moonias told CBC News.
Moonias said last week's announcement by the province saying the project was going ahead made him feel like he'd been "sold."
On Monday, lawyers for Neskantaga sent a letter to Rick Bartolucci, Ontario's Minister of Northern Development and Mines. It says Ontario may have broken the law by striking a deal with Cliffs.
Cliffs plans to start mining chromite in the Ring of Fire area by the end of 2013.