Lill thea Hi Ni ia . iA mtn ver Unb ||| Hs ib ay ACCORDING to Cyrus Eaton, who already owns the fabu’ lous iron ore deposits at Steep Rock near the Lakehead, the : eH ns new discoveries of medium 1ron L - ore deposits his corporation has F . made in Ungava, Quebec, pro vide “the clue to Canadas future.” = He told the press on December “| our res 27 after his geologists had Te | f : : turned: “Our group has located and | staked a large area that has LAWRENCE SEAWAY CAN ADD TO SECURIT ee ee of eae grade ore. .. . (They) are $0 ec Seer : ae LABORAOOR DEVELOPMENT ff located that water treme or q TO" ogl Es “BLUEPRINT for World Burope would be she | tio: SEA e ey : a ” route for them ae Mae A a oe : : Beenie ge ee The United States alone pot pe on SIRE NEE : rae , if sumes about 180,00 LPP magazine National A\ffairs STEEP (ROCK. ONTARIC: ; : SEVEN ISLANDS: QUEREC ene prs eae eae and e Monthly describes the five-vol- DEVELOPMENI demand is likely 0: 80 higher a ume U.S. government Paley Re- . . . Quebec is on-the i tee 4 . . : ‘ port. This is a study of present : i : ! x of tremendous iron ore BB jon, On Ca * 7 tea ments and Quebee can DE : and estimated 1975 production, ; : ’ a world. supplier or iron ore F ; jtion- ( (These discoveries are additio ‘ SEVEN ISLANDS TO) ASHTABUILA A al to previous finds on the Ungav# consumption and reserves of key raw materials in the capital- 1/PA Fon) rr iq ist sector of the world. ; ee ee Psa Mas eC a dor hordsr nowepan nen . The Paley Report shows the Qa aN sive OF PROPOSED. SEAWAY e ee of George Humphrey, needs a plans of the U.S. monopolists to ; TR . Hanna pee Corpora 1 ae i loot Canada’s natural resources. It eecrelaty 0 aie : asury 15 analyzes supplies of 22 strategic enhower's ca inet. Bee. te materials and shows Canada as an Not a single word did he mee adi produ ; important source of 10 of them. about Canadian steel pro | No other country is as important ‘ sa : : Nsound. che imesO tae oe in as many different raw materials _ aco Ve A A tcenients or theses adh F cae tik @ne iN) claims | in (Ungava, figures Mon Sts Be 'NG S : : a ; given in the House of Com oe The Paley Report leaves no ee moe MIS [7 : ca \ ryele cleexl: fevesiieita direction doubt ‘as to what happens to the PENN. MINES wd si re ms fa hy Cyru ne St of the Canadian economy. *? ye * . ahhh Ree S $ Meus : A A) ore sovereignty of countries who base re Mes Fadia ies a Eaton says he considers irom He their production on supplying the cn . piven wet } idtbiibie? ‘ “as the foundation of mouery ad U.S. with raw materials. Were ; : @) . : dustry.” But about three quar Me COMM, ple of Canada’s iron is exported, ee almost half the steel used in country is imported. ee ‘ 2 ern The figures given by the £0% “In the contemplated Special Resources agreements, the re- : source country’s government L ine ttle di ia Nall) Jou would pledge its cooperation in " ee ee Noda 0 Hansard) remoying the uncertainties which This map is from the 5-volume U.S. government Paley Report, officially titled Resources Gasp: that anes produced: chiefly deter investors, in return for Freedom. This report argues that the St Lawrence Seaway is necessary to give a protected 680,510 short tons in 1981 - oe ees 7 aR ak route for shipment of Canadian ore to U.S. steel mills. All iron ore mines indicated, at Steep In the same year Cone Sel commitments DY 1e ». y Bx . Ms Hi s 3 i ‘ ‘ - ‘ nortéd 3,225,767 tons, iach nlusmanwerceieat that the Rock and Ungava-Labrador, are now U.S.-owned. I 5225, pha 2,18: went to the U.»: - U.S. would facilitate investment — Wwimvumumincmiatimsaviataieetmseioa io icmccrcMtotca cmc cMt ces em ES 1.454.742 tons for Can : c. y “ 4 in both resource and general eco- y 1,404, ic devel t. >The; agree ie milli g | . adian steel production. a ond nomic development. he 2 oo e @') ons or oe ection, eI ment could cover tax laws, regu- ® @ eel. produ 3.568517 : : woes lations applying to foreign owner- TE aa. : : ; . : : : pee eee for the sam ship and management, administra- PPED-UP stripping of Canadian iron ore for shipment to the U.S. was seen in Ontario Premier ines 2,204,000 tons: 919 tion of the labor code, export Frost’s prediction last month that 10 million tons a year will be mined shortly at Steep Rock, year as yee alge 12053 regulations, exchange restrictions, near Port Arthur. (Steep Rock is U.S.-owned and has U.S. government loans directly invested in it.) : eure ef fox Yet vi import permits, the right to bring This tonnage will be five times greater than the present 1,250,000 tons now mined each year, he said, Pies ha ee ee jron ie in foreign technicians, transporta- in the course of a tour of the Marmora district where the U.S. Bethlehem Steel Corporation 1s sur- een oe Bags provinces als tion facilities, compensation in the veying iron ore properties. cant : mills with the capacity equivaren event of expropriation, and other Frost declared the U.S. company “through’ the Marmoran company” is spending millions of 6 Gn tanidia tio Winans ia 1a matters of concern to. investors.” dollars as a result of using the Ontario gevernment’s magnetmeter survey undertaken while he . LO OES ; Ste Marie COU” was mines minister five years ago. AGH and Bai r ‘entirely inde The connivance of the Canadian | J. B. Salsberg, LPP member of the Ontaria legislature, charged at this year’s session that the make this renne for its Nm government in this plan is shown survey results had been offered to U.S. steel corporations and not Canadian ones. He particularly pendent of i f af a least 15,0 in two quotations, one from the scored the secret buying up of farm lands in Simcoe County by U.S. Steel Corporation. providing jobs for é Paley Report, the other from Pro- gugyimnmumuininnnniereneeneiMaie PTT MU OEE DTIC TUT LD IOO Te U1 Quebec workers. ‘duction Minister C. D. Howe: Says the Paley Report: % “The fundamental and extreme instability of the materials market cuts across many of the problems of expanding free*world materials ‘production. . . . Tven greater in- jury is caused to the economies of resource countries which often de- pend heavily on the marketing of a few materials. Short-term and violent boom-and-bust cycles cause unemployment, severe declines in their revenues, foreign exchange and balance of trade position, all of which hinder them in planning and carrying through balanced programs.” Said C. D. Howe in the House of Commons on June 3: “Canada is immensely fortunate in that it is rich in these commodi- ties the world needs and which the world is able to pay for, no matter what market conditions prevail in the have-not- countries of the world. . . . If we were only making goods that countries might like when prosperous, but be able to do without when things are tough, we would have in this coun- try just about the most unstable economy that could be contem- plated. “T hope there will not be any more talk of stopping export of ram materials and concentrating on finished goods. The idea is fantastic. It is a ridiculous pro- posal.”