KWG Resources Inc. and Marten Falls First Nation have taken another step toward development in the Ring of Fire by agreeing to negotiate the terms of a partnership for mining undertakings in the traditional territories of MFFN, particularly chromite resources in the Ring.
In a press release issued Wednesday, KWG said the partnership has been conceived of as an equal sharing of profits that may be derived from mining activities after provision for manufacturing costs. “We are quite encouraged from our recent visit to China (see KWG PR June 1) to want to see this development move forward,” MFFN chief Bruce Achneepineskum said in a statement.
“KWG’s partnership proposal is within the spirit of equal sharing of the fruits of our lands as our ancestors had agreed to under Treaty 9. We will now try to fix the commercial terms of this massive undertaking. In our own case we consider that we are negotiating these terms as part of a process of reaching free, prior and informed consent. We also look forward to and welcome the involvement of other regional First Nations whose traditional territory might become a part of the planning process.”
KWG and Marten Falls, a community in Northwestern Ontario, had announced in April they were working towards establishing terms of an equal partnership. Marten Falls also signed an exploration and project advancement agreement with Noront, another key player in the Ring of Fire, earlier this spring.