When Noront Resources ferrochrome facility becomes a reality in Sault Ste. Marie, employees will be averaging about double the average Canadian wage. The average wage for a Noront Resource employee will be about $108,000, about double Canada’s average wage of $52,000.
That comes from Stephen Flewelling, Noront’s chief development officer, at last week’s Chamber of Commerce luncheon themed Sault Ste. Marie Resource City, Resource Champion. Flewelling praised ‘Made in Canada’ opportunities and especially those that the Ring of Fire presents.
With almost 200 metric tons of chrome valued at $150 billion discovered, the true full value of the extensive mining operation has yet to be determined, he told the crowd. But none of it will start without the development of a road to the site, he said.
Noront Resources has the largest stake in the Ring of Fire development. It recently selected Sault Ste. Marie as its future site of a ferrochrome processing plant because of its proximity to markets by water, its energy capabilities and synergies it believes it will be able to create with Algoma Steel.
Flewelling said the development will present economic benefits for Sault Ste. Marie, Northern Ontario and Ontario.
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