Noront, Algoma Steel discussing ferrochrome plant tenancy fees – by Darren Taylor (Northern Ontario Business – August 27, 2019)

https://www.northernontariobusiness.com/

Construction of Ring of Fire road could begin in the spring thanks to co-operation with First Nations communities, minister says

Progress is being made on the Ring of Fire project, to be developed in northwestern Ontario.

That from Greg Rickford, Ontario’s minister of energy, Northern development and mines, who was in Sault Ste. Marie on Aug. 27 to deliver an update on the project to officials at Algoma Steel.

Toronto-based mining company Noront Resources announced May 7 it had chosen Sault Ste. Marie – after the city had engaged in a long, competitive bidding process with other communities – as the location for its new Ferrochrome Production Facility (FPF), to be located on Algoma Steel property. It will process chrome ore from deposits Noront will be drawing from the Ring of Fire region, to be converted into ferrochrome for the U.S. stainless steel market.

Rickford was joined at the media conference by Sault MPP Ross Romano and Alan Coutts, Noront Resources’ president and CEO. Noront has signed memoranda of understanding with First Nations communities in the Ring of Fire area, Coutts said.

“Noront is in discussions with Algoma Steel on the terms of our company’s tenancy for the construction and operation of our planned FPF which would be located here, adjacent to the steelmaking operation,” Coutts said.

For the rest of this article: https://www.northernontariobusiness.com/regional-news/sault-ste-marie/noront-algoma-steel-discussing-ferrochrome-plant-tenancy-fees-1661308

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