HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Canadian company considers building a rail corridor to Ring of Fire
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Chinese-funded study considers rail link for Ring of Fire

Andrew Topf | January 3, 2016

The 4,000-square-kilometre Ring of Fire, located 540 kilometres northeast of Thunder Bay, is home to an estimated $60 billion worth of mineral deposits. But the region lacks highways, rail lines or reliable power.

Two years ago Cliffs Natural Resources (NYSE:CLF) had to suspend most work on its then-valued $3.3 billion Black Thor chromite deposit, citing stalled talks with the province and other political and regulatory problems. The miner had also struggled to win over aboriginal communities. The stoppage came despite Cliffs spending some $500 million building its land position in the region. In 2015 Cliffs sold its Ring of Fire assets, including Black Thor, to Noront Resources (TSXV:NOT) for US$27.5 million....ARTICLE CONTINUES...

http://www.mining.com/ring-of-fire-rail-link-proposed/

http://www.mining.com/

3 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply