Noront Resources remains confident production of its Ring of Fire mining project in northern Ontario will begin on time. President Wes Hanson says even though Cliffs Natural Resources has delayed the start up date for it's own mining project by a year, Noront still has its sights set on starting production at the Eagle's Nest site in 2016 or 2017. Hanson says however that still hinges on the search for cash. While not mentioning a possible financial partner, Hanson says they're optimistic they can assemble a package which will meet their start up target.
Wednesday, November 14, 2012
Noront Stays The Course
Noront Resources remains confident production of its Ring of Fire mining project in northern Ontario will begin on time. President Wes Hanson says even though Cliffs Natural Resources has delayed the start up date for it's own mining project by a year, Noront still has its sights set on starting production at the Eagle's Nest site in 2016 or 2017. Hanson says however that still hinges on the search for cash. While not mentioning a possible financial partner, Hanson says they're optimistic they can assemble a package which will meet their start up target.
