Glencore crude trader leaves firm after seven years
Over roughly the last 12 months, Glencore’s head of crude trading in the US and at least two other traders have departed.
Ontario is taking a significant step forward toward the development of the Ring of Fire. The province will lead the creation of a development corporation that would bring together private and public parties, including First Nations, mining companies, as well as the federal and provincial governments. This continues Ontario’s smart, sustainable and collaborative approach to the Ring of Fire.
The corporation would develop, construct, finance, operate and maintain infrastructure supporting access to strategic resources in the Ring of Fire. The province will begin immediate work with partners, including the federal government, on the development corporation to determine its scope and a suitable governance model.
Premier Wynne has written Prime Minister Harper seeking a role for the federal government to partner with Ontario, through the development corporation, in order to develop vital infrastructure investments for the region.
Ontario continues to be committed to smart, sustainable and collaborative development in the Ring of Fire, subject to all necessary environmental assessment and regulatory processes while ensuring the Crown fulfils its duty to consult.
Investing in the development of the Ring of Fire is part of the government’s economic plan to invest in people, invest in infrastructure and support a dynamic and innovative business climate.
In July 2013, Ontario appointed Honourable Frank Iacobucci as the lead negotiator on behalf of Ontario to participate in discussions with the Matawa First Nations on proposed resource development in the Ring of Fire.
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