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The U.S. firm sinking more than $3 billion into “responsibly mining” an ecologically sensitive part of Ontario’s north says it is in its best interests to go through rigorous environmental tests.
Cleveland-based Cliffs Natural Resources holds key mining rights to a resource-rich area inside the Ring of Fire, located about 500 km northeast of Thunder Bay in the James Bay Lowlands.
The ring is estimated to contain nearly $30 billion worth of chromium, which is used to make stainless steel — enough to be mined for nearly 100 years. At least 1,200 jobs are expected to be created by Cliffs investment.
Already, environmentalists, First Nations and Environment Canada are raising potential red flags but Cliff’s said they are doing everything they can to safeguard the land, water and animals as they proceed.