Encouraging Report Released on Ring of Fire

Exceeding expections.
That’s what Cliffs Natural Resources is finding out as the Cleveland-based company has released an update on the Ring of Fire zone in Northern Ontario.
Company officials say its chromite deposit is much bigger than first thought and the site will produce 1-million tons of chromite ore concentrate a year.
That’s in addition to the 600-thousand tons of ferrochrome the company estimated in 2009 would come out of the ground each year.
The Federal and Provincial governments still have to approve an environmental assessment and Cliffs hopes to start mining in late 2014.