Assuming it goes ahead

RENO (MINEWEB) - Ontario's provincial government, led by Premier Dalton McGuinty,Wednesday announced its help for global iron ore miner CliffsNatural Resources' proposal to create a Cdn$3.3 billion chromitemine, transportation corridor and processing facility in NorthernOntario's Ring of Fire. In a news release, the government noted, "The Ring of Firerepresents one of the most important mineral regions in theprovince and contains the largest deposit of chromite everdiscovered in North America." The Cliffs Chromite Project is expected to possess substantialbenefits in the Far North, and in northern Ontario. The entireproject could utilize as numerous as one,250 men and women,american education services payment address. The McGuintygovernment believes the venture may also make hundreds ofindirect employment possibilities for Northern Ontarians and FirstNations communities. Located 540 kilometers northeast of Thunder Bay, the Black Thordeposit is expected to yield up to 4.four million metric tons of crudeore yearly, which would be delivered to a C$1.eight billion chromiteprocessing facility near Capreol, north of Sudbury.

Cliffs NaturalResources believes it has a world-class deposit in Black Thor. It truly is expected the 1st 10-15 many years of mine daily life wouldinvolve two open-pit operations having a feasible transition tounderground mining later on on. Together with the mine and also the smelter, Cliffs would also developan integrated transportation technique to hyperlink all task componentsand a ferrochrome manufacturing facility to manufacture theferrochrome merchandise. The transportation technique contains an airstrip, permanentall-season street, a load-out facility in the mine internet site to load haultrucks with focus, as well as a transload facility near or withinGreenstone in which concentrate would be transferred to railcars. The final phase will probably be to refine concentrates into ferrochromemetal for use in stainless steel manufacturing in North America andglobally. y.


Cleveland-based Cliffs stated in the news release Wednesday, "Thecompany is content and confident in naming Ontario since the futurelocation of its intended ferrochrome processing facility." Numerous communities had been regarded for the chromite smelterincluding Sudbury, Timmins, Thunder Bay and Greenstone. FirstNations groups had favored a location along the Canadian NationalRailroad Line in between the towns of Aroland and Nakina. Sudbury was picked since the place in the facility "due tovarious economic and technical variables that would ideal assistance theviability and accomplishment on the all round project, includingtransportation logistics, labor, extended mining tradition, communitysupport and accessibility to electrical power," stated Cliffs. Bill Boor, senior vice president-global ferroalloys for Cliffs,explained, "We are very thrilled about the possible effect for thisproject for all of Northern Ontario.

Assuming it goes ahead, ourproject has ample scale to justify infrastructure investmentswith the prospective to connect remote communities with a lot more populousmunicipalities, opening up the Ring of Fire to other responsiblemining investments." Ahead of Cliffs could make a final decision about the venture in itsentirety, the firm should acquire provincial and federalenvironmental assessment approval, negotiate mutually acceptableagreements with First Nations communities, perform with governments toaddress the lack of infrastructure in the Ring of Fire and completeits commercial and technical feasibility research. Cliffs anticipated that a vast majority on the project's capitalrequirements would occur in 2014 and 2015. The business hopes tocommence production at Black Thor in 2015. Cliffs is just one of greater than 20 mining organizations holding claimsin the Ring of Fire, which is also believed to hold the potentialfor significant manufacturing of nickel, copper and platinum. SUBSCRIBE to Mineweb.com's free of charge daily newsletter now.

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