The Ring of Fire mining development in Northern Ontario appears to be back on track. Noront Resources will brief local representatives Wednesday on its plans for a ferrochrome processing facility in the North.
The presentation, to members of a partnership group from Thunder Bay and Fort William First Nation, will be given by Alan Coutts, president and CEO, and Stephen Flewelling, chief development officer of Noront, the main player in the rich zone 400 km northeast of Thunder Bay.
The area has shown evidence of a major chromite deposit and other minerals. Chromite is used in the manufacture of stainless steel.
The development has been on hold for several years over negotiations with First Nations and a decision on whether transportation into and out of the area will be by road or rail.
The City of Thunder Bay issued a statement Monday to say the Community Economic Development Commission (CEDC) along with Fort William First Nation Economic Development Corp., “have invited Noront Resources to deliver an exclusive presentation to discuss their plans to construct a ferrochrome processor facility (FPF) in Northern Ontario.” The presentation will be followed by a brief update regarding the status of Noront’s Ring of Fire deposits.
John Mason, project manager of mining services at CEDC said Monday that Noront has indicated it will make a decision on the location of a processing facility later this summer.
This spring, Noront approached Thunder Bay, Sault Ste, Marie, Timmins and Sudbury to “gauge the communities’ appetites for a processor.”
Mason said Thunder Bay and FWFN, as a partnership, are interested to get more information on the technology, concept, ore/concentrate transport logisitics, and timelines.