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Huge Numbers for Ring of Fire Project

How much will it cost Cliffs Natural resources to develop a mine in the Ring of Fire in Northern Ontario?
According to the company’s 2012 capital investment plan it will be over $2-billion.
The company estimates mine development to come in around $150-million, $800-million for a concentrating plant and $1.8-billion for a processing plant.

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Dryden, CA
2:45 am, May 18, 2026
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