Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario.
WHAT a difference a year makes. In 2013, Northwestern Ontario communities were giddy at the prospect of getting in on the tremendous economic opportunities connected to the Ring of Fire mining belt. Thunder Bay and Sudbury were fiercely competing to be the site of a processing facility while Greenstone and other centres were pitching themselves as logical transportation hubs.
Then the big player walked away. For a variety of reasons — provincial indecision, First Nations objections, competitors’ alternatives, falling commodity and stock prices — Cliffs Natural Resources ended its substantial exploration activities. A coup of sorts among shareholders put in place a new CEO who agreed to return Cliffs’ attention to its iron ore business which Thunder Bay area residents can see when they drive through northern Minnesota.
While Cliffs hasn’t abandoned its stake in the Ring’s massive chromite deposit other companies that remain active in the region are now getting all the attention.
Noront Resources has its eye on the region’s rich nickel deposits and has promoted an east-west transportation route linking mine sites with the CN main line and running past several First Nations which would stand to enjoy direct employment opportunities along with economic partnerships.