Noront Resources expects to reach a decision on the site for a ferrochrome smelter in the next three to four months.
The leading mine developer in the Ring of Fire has hired Hatch consulting engineers to assist them in evaluating the bid packages from Sault Ste. Marie, Sudbury, Thunder Bay-Fort William First Nation, and Timmins.
All four cities are vying to be the host community for the $1-billion production facility. The cities submitted their bid packages by Noront’s imposed Feb. 2 deadline. With the submission period now closed, the adjudication process now begins.
In a Jan. 5 news release, Noront outline its next steps to involve “calculating indicative capital and operating costs and reviewing these alongside community and First Nations support, site appropriateness, environmental factors, access to a skilled workforce, and other elements.”
Noront said it’s prepared for the site selection process to be a competitive and complex one. Near the conclusion of this analysis, Noront will engage directly with the owners of the favoured property and come to mutually agreeable terms for use of the property.
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