The Sudbury Star is the City of Greater Sudbury’s daily newspaper.
Much of Ontario’s future prosperity depends upon the success of developing the Ring of Fire, but many people in the province don’t know it. The Ontario Chamber of Commerce is conducting a study to measure the economic benefit of mining the ring’s rich chromite deposits and to raise awareness outside the North about their tremendous potential.
In fact, some observers believe the Ring of Fire could be worth as much as $50 billion to Ontario and be mined for as long as a century.
In Sudbury, Cliffs Natural Resources has plans to open a chromite mine in the Ring of Fire area and ship the ore to a plant in Capreol for processing, creating up to 500 jobs. However, those plans are on hold as the company sorts through a number of political, infrastructure and environmental issues.
To get people talking about the Ring of Fire, the Ontario chamber, in conjunction with the Greater Sudbury Chamber of Commerce, will hold a by-invitation-only round table in the city Oct. 9.
There it will seek business and community leaders “prescriptions” for how to move the project forward, says the senior policy adviser for the Ontario Chamber of Commerce.