Noront Resources Ltd. submitted its draft Environmental Impact Statement/Environmental Assessment Report for its Eagles Nest Project in Northern Ontario’s Ring of Fire on December 21, 2013. Aboriginal communities and resource companies in the region are now wondering what happens next. Resource development in the Ring of Fire, located some 500 km north of Thunder Bay, has been plagued by negotiation challenges between the Ontario government and affected Aboriginal communities. Other setbacks include political indecision and an ongoing slump in commodity prices.
The question now is how will the federal and provincial approvals be coordinated? What will happen once Noront submits its final EIS/EA Report for the Eagles Nest Project? Will the same challenges scupper the project or will project approvals move forward?
To read the rest of the article, click here.