Ontario’s Ministry of Northern Development of Mines reports that Cliffs Natural Resources has announced a $3.3-billion investment to build a chromite mine, transportation corridor and processing facility in Northern Ontario’s “Ring of Fire” that would lead to a new generation of prosperity in the north, with thousands of jobs and new infrastructure.
The “Ring of Fire” represents one of the most significant mineral regions in the province, and includes the largest deposit of chromite ever discovered in North America. The chromite found in this area, 540 kilometres northeast of Thunder Bay, is a key ingredient used to create stainless steel.
Cliffs Natural Resources has announced it intends to build a $1.8-billion chromite processing facility in Capreol, near Sudbury. This would employ 450 people during construction when the facility is in operation. Mine and mill development, as well as the construction and operation of transportation infrastructure, could create an additional 750 jobs, plus hundreds of indirect employment opportunities for Northern Ontarian and First Nations’ communities.