Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario.
THE main player in the big Ring of Fire mineral belt has reiterated a warning it might have to abandon the project while the provincial government continues to say next to nothing. Cliffs Natural Resources upped the severity of its concern this week, saying it is definitely considering an end to its stake in the rich chromite deposit that analysts bet will almost single-handedly rescue the weak economy of Northern Ontario.
Last month, Cliffs expressed dismay at a judicial ruling against its bid for a route out of the Far North, intimating it could impact the company’s future interests. The route would pass over a competitor’s staked land. Before that, it signalled concern by ceasing its environmental review of the project, blaming provincial indecision over responsibilities, among other issues.
Three such warnings are either a signal of genuine misgivings or a case of crying wolf. Apparently, the province believes it is the latter since it continues merely to insist the Ring remains a top priority. Of course it is. Something this big could solve a host of economic issues that have bedeviled successive governments and impoverished many northerners.
Ontario continues to claim that its negotiations with various parties to the Ring of Fire are fruitful, yet all parties remain at odds.