Sue's Blog

Showing posts with label Altius. Show all posts
Showing posts with label Altius. Show all posts

Thursday, November 01, 2012

The Sun has FINALLY Shone on Muskrat Falls



Now we are talking. When did this become such a notion for our sitting Tories and retired Chief?

The big revelation! The mines need the power. Alderon needs the power. 

Here we were humming along - chatting with Quebec - talking Lower Churchill - then - as if from nowhere - OMG - we are running out of power. We will need to put bricks in our beds in order to stay warm. 

A new fight with Quebec. Negotiations are off the table - go away - pull out the flag - fly it - use it - "we don't like Quebec" remember - they say - remember the Upper Churchill. It's their entire fault - they are unreasonable so we will go around them. Watch us - lace up the skates - off with the gloves. 

Then we got a deal - we will avoid Quebec - keep the bricks from our bed - and green up Canada and the northeast USA.

Deal announced - Premier gone, Bureaucrat gone, Nalcor executive gone, - where?
Well after an "acceptable" period of absence - to the open arms of Alderon. Who? Alderon - who claim they better get power or their materially damaged.

Slowly but painfully surely we reached today - the day when we are told the mines need the power.

Now it's all okay - the massive debt, empty consumer pockets, and hospitals - roads - potable water - - schools can all take a hit because we are spending on power for the mines.

What's the deal now?

Well if we were told the mines needed it in the first place - which has been known for some time - then we would demand something in return for favourable power rates and access to the raw resources.

Example - if INCO wanted the ore - we want - long-term jobs, post-secondary processing, research dollars, and investments in community infrastructure. That was just to do what these mining companies in Labrador want to do and that's extract and export raw resources.

Have a look at Hansard and count how many times Opposition Tories demanded that these things not only occur but be cast in stone.

Oh let me remember now - smelting, secondary processing, long-term jobs for the ore. Go have a look at yourself - refresh your memory because now the time has come for the Tories to deliver the same.
  
Count how many times a PC MHA said smelter and refining of our precious natural resources - how many times they explained NO MORE GIVEAWAYS. 

Now the ball is directly in their court - they control the playing field and companies want to extract ore from Labrador. 

1. If you want special finance rates for power - become involved in the financing of the project. 
2. Deliver secondary processing of every ounce of ore you extract.
3. Provide research and development funds, and improve upon what INCO started with commitment to secondary education. 
4. For every mine being talked about today by the Minister and Premier - deliver a special debate in the House of Assembly on every deal to develop ore bodies so we can get a look at what they are offering.

The shoes are on your feet now - let's see you walk the talk.
  
The game changer was announced today and now there should be full media attention and exposure to what each of these mining companies will be doing for us.
  
Right now what I see is we - the owners of the power resource - pay for the production, transmission, and distribution of power from Muskrat so that mining companies can get a reduced rate to send our ore to China for processing.
Was the back door approach used? Let us now proceed with the real debate.

Do not let one new MW be constructed until we have a referendum on the project and a full and complete debate in the House of Assembly on every deal to extract ore.

Remember the Tory Position

Remember a few short years ago.

MR. WILLIAMS: Thank you, Mr. Speaker.

The real torpedo in the bow of this government's scam and sham was when Scott Hand came out and said that they were going to keep the smelters in Sudbury and in Thompson productive and competitive for a long, long time. That was it. That was the fatal blow, because then the jig was up. Then the people of Newfoundland and Labrador finally found out what the real deal was; and the real deal was that our ore, our concentrate, our nickel, our whatever, was going to leave this Province and keep Sudbury and Thompson going for a long period of time. To add, Mr. Speaker, 300 new jobs are going to be created in Sudbury this year. To add to that, Mr. Speaker, the Mayor of Thompson, Manitoba, is breaking champagne and the people are dancing in the streets because they are going to have our jobs. That is simply wrong.

SOME HON. MEMBERS: Hear, hear!

MR. WILLIAMS: 

What about us, Mr. Speaker? What about Newfoundland and Labrador? What about the jobs here, Mr. Speaker? That is what we need to concentrate on, not 300 jobs in Sudbury, not 1,000 jobs in Thompson.

Let's go through out-migration, Mr. Speaker. Let's talk about what has happened in our communities in the last five years when 40,000 people have left our Province. Let's look at the percentages over the last five years. In Portugal Cove South, 21.4 per cent of the people have left. In St. Shotts, 31 per cent of the people have left. In Aquaforte, 22.7 per cent of the people have left. In Peter's River, St. Vincent's, St. Stephens, 24.3 per cent of the people have left our Province. In Gaskiers, 21.5 per cent.

I am going to continue on, Mr. Speaker. I know it is difficult for hon. members opposite, but we are going to go through some of this list. In Sunnyside, 23.2 per cent of the people have left. In Heart's Desire, 25.3 per cent. In Cupids, 13 per cent. In Ricketts,13 per cent. In Lawn,18.6 per cent. In Lamaline, 21.4 per cent. In Fox Cove, Bay L'Argent, Grand Le Pierre: 14 per cent, 15 per cent and 10 per cent. In Rushoon, 18 per cent of the people have left our Province. In Gaultois, 24.1 per cent in the last five years have left Newfoundland and Labrador. In Milltown, 21.4 per cent. In Morrisville, 22 percent. In Ramea, 30 per cent of the people, one third of the people of Ramea, have had to leave our Province and this government is going to send jobs to Sudbury and Thompson, Manitoba. Shame on all of you!

SOME HON. MEMBERS: Hear, hear!

MR. WILLIAMS: I will continue, Mr. Speaker.

In Cape St. George, 15.4 per cent. In Lourdes, 14.2 per cent. In Port au Port West, Aguathuna, 15.2 per cent. In Jackson's Arm, 10.6 per cent. In Howley, 19.3 per cent. In Hampden, 16.4 per cent. In Norris Arm, 16.3 per cent. In Little Catalina, 16.2 per cent. In Elliston, Catalina and Bonavista, 21.9 per cent, 13 per cent and 11 per cent have left in those communities. In Traytown, 18.3 per cent have left. In Happy Adventure, 14 per cent. In St. Brendan's, 21.8 per cent. In Melrose, 13.7 per cent. In Carmanville, 12.6 per cent. In Fogo, 18.2 per cent. In Change Islands, 21.7 per cent. If I may, Mr. Speaker, I will continue. In Summerford, Twillingate and Campbellton, 11.2 per cent, 11.6 per cent and 12 per cent have left these three communities.

MR. WILLIAMS

Thank you, Mr. Speaker

I thank the hon. the Premier for indicating that there, in fact, will be no conventional smelter. That promise has been broken. In fact, he has also confirmed that there may not be a hydromet. So, there is no guarantee of a smelter and there is no guarantee of a hydromet facility. 

 Mr. Speaker, can the Premier please confirm, in the event that the experimental hydromet facility does not prove to be economically, technically or commercially feasible, that this Province will not receive a Conventional smelting facility, which I am certain that he has, and he has already done so, as was promised and guaranteed by both the Premier and the Minister of Mines and Energy, but instead may, not will - may, and may only - receive a nickel matte refinery or some other facility, which is referred to in the documentation as some other facility? It doesn't specify what it is. It is some other facility, as stated in clause 22. Will the Premier, in fact, confirm that particular facility is also not guaranteed?

Friday, October 26, 2012

Province's MHAs pale in Comparison to Business Leaders

As we review the performance of the people involved, impacted by and/or responsible for the proposed Muskrat Falls development - big business shines.

If we as people had MHA's who performed close to the level of big business in representing their shareholders interests - we would not be considering this Muskrat Falls fiasco.

If a business has any opportunity to get it on an 8 billion dollar spend - the decsion gate is clear.

Let's look at what it considers:

1. Can the business make any money on this venture?
2. How much money can the business make on this venture?
3. How many years can the business profit from working on or for this project?
4. What will the business cost be to deliver product, service, manufacture or consulting to the project?
5. What will be the increase in the value of a share and therefore the value of the business?

Let's look at what it does not consider:

1.  Who is paying the bill? (other than if the party was not creditworthy)
2. How will it impact this community or that community?
3. Are the owners of the natural resource getting value from the proposed deal?
4. How will this proposed project affect the province's debt?
5. How many long-term jobs will be created for Newfoundlanders and Labradorians?

This is why I am not concerned or surprised that businesses around the province and the country are supporting the proposed development.

I am concerned about the mindset of our MHA's who are there to represent us - the people.

Let's look at what they should consider:

1. Who is paying the bill?
2. How will it impact the ratepayer, taxpayer, and shareholder of the resource?
3. How many long-term jobs will be created for billions of dollars?
4. How much value can we add to shareholder?
5. Is this development needed for domestic supply?
6. Is this the only alternative?
7. Can we sell this power competitively in the export market?
8. Will the shareholder subsidize cheap power for business, another province, or American Export?
9. How will the increased price of power to domestic consumers affect our seniors, low/middle income families, and local small business (recessionary impact)?
10. Have I achieved support from the people I represent as an MHA?

As for Nova Scotia - they are playing it coy:

1. The proposed project will go to the PUB there - while Newfoundland and Labrador MHA's are preventing the same process here.

2. They do not have to buy in before the project starts.

3. They can play one energy competitor off against another for the best price - thereby eliminating Muskrat supply or reducing the price wherein the people of Newfoundland and Labrador have to pay more for their power so Nova Scotians get cheaper power.

4. Currently the NDP government in Nova Scotia is in political trouble as it relates to Emera - where people are suffering the impacts of energy privatization that occurred at the same time as we prevented it.

5. Nova Scotia is presenting itself as the energy hub as it continues to attract industry away from Newfoundland and Labrador and to themselves.

As for the Mining exporters in Labrador - they are waiting like the wolf - we are the prey:

1. They are quickly becoming the raison du jour for the proposed development.

2. They have already threatened that without this type of infrastructure they may cancel or downsize development.

3. As other reasons for Muskrat development are destroyed - domestic island supply and export - their hands are wringing for cheaper subsidized power.

4. If they become the only reason for Muskrat - their demand for cheap prices will increase as other competitors (Hydro-Quebec) offer a cheaper price. All the while of course - Quebec gets secondary infrastructure to ship out our raw resources.

5. They have government's ear.

As for performance of CEO's - dead last in my opinion - Ed Martin







Tuesday, July 24, 2012

Alderon - Willams - Muskrat Falls

Could Alderon benefit from the Muskrat Falls deal?

Please read excerpt from a Telegram story below and you decide: 

Alderon executive chairman Mark Morabito said Wednesday the province’s proposed Muskrat Falls hydroelectric project is crucial to the company’s $989-million Kamistiatusset project, which the company predicts will create 1,500 full-time jobs — 480 at the mine and concentrator in the Labrador Trough, the rest indirectly through local service and support industries.
“Power’s definitely the biggest issue for us,” said Morabito after Alderon’s annual general meeting Wednesday morning at the Sheraton Hotel in St. John’s.

Could Danny Williams benefit from the Muskrat Falls deal?

Please read the 2 News Releases by Alderon below and you decide:

January 5th 2012
Alderon Appoints Danny Williams as Special Advisor to the Chairman 

March 28th 2012
Alderon Appoints Former Newfoundland and Labrador Premier Danny Williams and Bay Street Lawyer John Vettese to the Board of Directors

Who struck the intitial Term Sheet with Emera?
Who appointed then Interim Premier Kathy Dunderdale?
Who is the "Liberal" that supports the Muskrat Falls deal?
What Premier did the "fibre optic deal"?
What local businessman benefited from that deal?

Either the information above is fake or it is real.

If it is real - speculation on potential beneficiaries of a Muskrat Falls development is not only reasonable but necessary.

Business is speculation it`s what these guys make money doing.

We as people have to determine if this is the best deal for our province and whether or not we want to foot the bill.

We the people must do what is in the best interests of the generations of people to follow.

Everything should be questioned regarding the development of a natural resource owned by the people. Had we done that in the past resource deals like the Upper Churchill fiasco may have been avoided.




Monday, January 23, 2012

Minister Jerome waxes Poetic - Meandering Morose Muskrat

Minister Kennedy - I would like my say on Muskrat Falls. 

Alive the river flows;
the Labrador pulse, Peninsula blood,
Men and woman robeless jurists
adjudicate the waters and their worth.

The jaw wounded with an Upper cut
carved by metal beasts of burden;
turn only to eye the fist of greed seeking a Lower blow.
Will it turn, duck or prepare to absorb?

Questions hit off the Torngats and echo only
to a listening ear;
whilst pale urchins grow weary.
A man with the sacred name holds the pow'r.


A cache, beckoning like a chameleon;
dancing with costumes as needed.
This nam-shub hopes to halt the auto-da-fe,
of the aquatic source of fertility.


So poetry instead of law said he of little faith,
bemoaned incessant the path he travelled.
Whilst all that was evident in the dossier of constituents,
lay deliberately beyond his reach.

Thursday, January 05, 2012

Keep the Train Running Choo Choo - Brian - Danny - Dean

Let's see if we can follow a path.

I really appreciate these routes from here to there.

Today comes the announcement that former Premier Danny Williams has accepted an appointment as Special Advisor to the Chairman of Alderon Iron Ore Corporation.

In this case he follows his Former Clerk of the Executive Council and Secretary to the Cabinet - Gary Norris who announced his retirement when? Well that was announced on November 30th 2010 and took effect December 3rd of 2010.

He had been appointed to the position by Danny on May 30th 2007.

Danny's Retirement Announced on November 25th of 2010 effective December 3rd of 2010.

Well just so happens that Gary Norris had also landed at Alderon - yes he in fact is the Executive VP - Government and Community Affairs - Alderon.

Now Gary Norris held the position of Deputy Clerk - under Brian Tobin - then as Clerk under Beaton Tulk then was moved out of the office by Roger Grimes when he became Premier.

Now Alderon also has another familiar name - Brian Dalton - he is on the Board of Alderon - and of course is the President and CEO of Altius Minerals. Then of course:

Altius entered into an agreement with respect to its Kamistiatusset ("Kami") iron ore project in November 2009 as part of its merchant-banking like approach to co-found a new public company to explore the project and western Labrador region. The agreement resulted in the restructuring and financing of Alderon Resources Corp. (ADV:TSX-V) who in December 2010 fulfilled its option agreement terms with Altius to earn 100% interest in the Kamistiatusset iron ore project (“Kami”) by issuing Altius 32,285,006 payment shares of Alderon (representing approximately 37% of the issued Alderon common shares). Altius also retains a 3% gross sales royalty relating to any potential future mining operations.

Now Brian Dalton did this: The royalty was created in June 2005 following 2 years of successful exploration in the CMB when Altius and its partner, Fronteer Development Group, restructured their exploration alliance as part of a longer-term business strategy to create a new pure uranium company - Aurora Energy Resources Inc. (TSX:AXU).   The agreement structure and launch of Aurora effectively converted Altius property ownership into an equity stake in the new uranium company and an underlying royalty covering Aurora's Labrador properties.  By October 2007 Altius had sold its entire equity stake in Aurora for gross proceeds in excess of $200 million, while still retaining its royalty position over the properties.

Now Aurora then appointed Dean MacDonald to it's Board of Directors - problem was Dean was also the Chair of Newfoundland and Labrador Hydro. The appointment lasted 48 hours. Dean resigned - funny that.

Meanwhile back at the ranch there was a fellow called Todd Burlingame - who up until 2011 was sitting as the Manager of Environment and Aboriginal Affairs for Nalcor including during the Joint Review Panel. Well guess what? Mr. Burlingame is also now on the payroll of Alderon and was appointed the same day as Gary Norris.

Mark J. Morabito Executive Chairman Board of Alderon - described Burlingame and Norris this way: “Our Executive VP of Environmental and Aboriginal Affairs is Todd Burlingame,” Morabito adds. "His last big permitting project was the Lower Churchill hydro project, 3,000 megawatts and right in the same area with all the same stakeholders. Gary Norris was the former head of the Newfoundland civil service; he’s our VP of Government and Community Affairs."

Next of course we will follow then the path of Canadian Imperial Venture Corporation, Brian Tobin, Consolidated Thompson, Dean MacDonald, Persona, Cable Atlantic - and all the Labrador projects you can suffer.

Also we have to see what all were up to when in November of 2011 Province to Participate in Asian Conference in Support of Mineral Exploration and Investment Opportunities

Participating companies include Alderon Iron Corporation, Altius Minerals Corporation, Century Iron Mines, Grand River Ironsands, Labrador Iron Mines, and New Millennium Iron Corporation.

By the way is Dean going to run for the leader of the Liberal Party or will he try and influence from another position within the party? Gotta keep the train going. Brian Choo Choo - Danny Choo Choo - and Dean Choo Choo. What kind of train do you think they might be operating?




Monday, August 27, 2007

Newfoundland and Labrador is not their oyster...

This Province and potential opportunities from resource development must not be restricted to a few close buddies or a "special" corporate group.

I recognize that right now - it is difficult for one to question Premier Williams on anything he does - as the "fan power" right now is similar to one NFL player before they found dead dogs on his property.

One example - the Sullivan boys from the Southern Shore. Loyola - after just leaving as the Minister of Finance for the province - emerges to become Canada's new "Fish Ambassador" - Karl - Senior Manager of the Barry Group - has managed to steer assets - quite cheaply into the Barry Group's list of holdings with government guarantees - and just the other day - significant assets of FPI purchased by Ocean Choice - of the Penney Group - with Ches Penney flanked by Martin and Blaine Sullivan President and CFO respectively.

Think about the various potential conflicts or influence here - and within one of our most important resources - fish.

Then let's look at the fibre optic deal - remember that one? Persona - whose chief is Dean MacDonald and his buddy's government pumps a 15 million dollar investment that way - without any Request for Proposals - arguing that anybody that could be in the deal already was - Rogers - Persona - MTS Allstream. That's if first you can get past the potential conflict or influence with Rogers involved - with the Premier's selling of his company Cable Atlantic to them or the Premier's former law and business partner Steve Marshall's brother Ken Marshall remaining in a senior position with Rogers.

Then there was the whole mess of Aurora Energy appointing Dean MacDonald to the Board when the company is involved in uranium potential for energy - even though Dean at the time was the Chair of Newfoundland and Labrador Hydro including the responsibility of the Lower Churchill Development. Although MacDonald quit the Aurora Board within a couple of days after Sue's Blog and then media pointed out the potential conflict - we are left to wonder what type of influence Aurora has and more importantly Altius - which as at January 2007 held a 10% interest in Aurora - 30% Rambler gold-copper mine - 37.5% interest in Newfoundland and Labrador refining corporation (you know the refinery proposal) and then there was and is their proposal for financing the Lower Churchill project described this way:

Altius has also made a proposal to the provincial government for financing the Lower Churchill hydroelectric project. Its proposal was put on the three-bid short list; its proposal (involving a royalty foundation for provincial residents) has the benefit of benefiting the local populace, a sensitive issue in a poor province where many projects have been sold to outside interests. Altius’ proposal could also be combined with other financing proposals. Currently, the provincial government is working on the development plan. Once this plan is complete, after three or four months perhaps, then it will turn again to the financing proposals. If successful, Altius would likely end up with a free-carried interest generating cashflow, for very little initial cost.

So there we have the fisheries - minerals - oil and gas - hydro - and communications all wrapped up in a little corporate gang.

For more specifics refer back to the following posts:

Dean MacDonald Please Resign

Why it's okay to question Dean and Dan on the Fibre Optics

The Fibre Optic Deal and Lobbyist Part 1

The Fibre Optic Deal Part 2

The Fibre Optic Deal Part 3

The Fibre Optic Deal Part 4

Political Patronage "Persona"fied

Now we can fight with Ottawa (as we should) but there is no plan to correct the deficiencies in our federation - and it will do wonders to keep our eye off the ball.

Williams is becoming the master of red herrings - to cover for:

rural Newfoundland and Labrador decimation,

FPI fiasco,

Paper Mill in Stephenville,

the Metis,

continued loss of our graduates and job fairs to Alberta,

Danny's friends and colleagues and positions of influence,

no energy plan,

net outmigration,

high unemployment,

giveaway of wind power resources - in part to the Government of Italy,

Persona and fibre optics,

Newfoundland and Labrador Hydro hires Summa to lobby Ottawa on the Lower Churchill - including the employment of Timothy Powers - a strategist for the federal Conservatives - while Danny launches an ABC campaign,

Failure to release MOU with Hebron partners.

Keep your on the balls being juggled by Williams while he attempts to divert your attention with nationalistic heroism.