here question and answer period with old willy being asked what cliffs views are from house of commons committee ... they asked willy point blank if they are in mind of sharing profits and his responce is NO ... if kwg wants to corner cliffs they only need to offer a percent of the ore as first nations equity interest arrangements ??? frank go offer a percent of the take ... frank if cliffs continues to work against and wants to take then go offer a lucrative deal to the natives and see if they like back stabbing 101 because i can tell you this they have not calculated into their mining greed scheme profit sharing

 

http://www.parl.gc.ca/HousePublications/Publication.aspx?DocId=5381338&Language=E&Mode=1

Let me ask one last question, then. We've heard a lot about equity participation and equity interests in non-renewable resource exploitation in northern Canada, and in your brief you're calling for equity interest in the mining companies.

 

 

Mr. Boor, is that something your company would contemplate, beyond an impact benefit agreement?

 

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Mr. William Boor:
That's not our current frame of mind because of the investment we're making in this and because we're trying to make this investment viable for us.

 

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Has your company ever entered into an equity interest arrangement with first nations peoples?

 

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Mr. William Boor:
Not that I know of.

 

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Do you know anybody in the sector who has?

 

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Mr. William Boor:
I don't know if I've a broad enough understanding to answer credibly, but not that I know of.

 

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Thank you very much.

 

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Thank you, Mr. McGuinty.

 

 

We'll go to the five-minute round of questions and comments, starting with Mr. Allen, followed by Mr. Calkins and Mr. Rafferty.

 

 

Go ahead, please, Mr. Allen.

 

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Thank you very much, Mr. Chair, and thank you to our witnesses for being here today.

 

 

Mr. Boor, when you talked about your investment, you noted that the facility you're talking about would offer a distinct competitive freight advantage, and your website actually talks about this point. That's what it says on your website with respect to the development of the chromite facility.

 

 

You also indicated in talking about this highway that it would be a critical infrastructure investment. If that is the case and you're getting a significant freight advantage from the facility, are you open to being a partner in the investment in that highway?

 

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Mr. William Boor:
Yes, we have been. A number of different structures have been discussed, including public-private partnerships. I think a summary statement of our view is that we think our project has the ability to be a catalyst for getting that infrastructure in place. We're willing to be partners in that development, but we view it as Ontario and Canada infrastructure.

 

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Okay. Would you be a partner also for the energy requirements? There's discussion about the several hundred megawatts of power that would be required to satisfy the facility. Is that the same type of thing? Would you be open to a public-private partnership in that type of thing as well?

 

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Mr. William Boor:
Yes. For us it's all project economics, so if we can put together the proper deal to make the project work, we're open to it.