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Cliffs V-P looks for cheap power, government direction in Ring of Fire
Cliffs Natural Resources isn’t sold yet on Sudbury. Bill Boor, Cliffs’ senior vice-president for global ferroalloys, said while the Nickel City remains a “technically viable site” because of logistics and available power, the project economics may spell otherwise.
When the Ohio miner released its project description of its Black Thor chromite deposit in the James Bay region last February, Sudbury was identified as the front-runner to host the ferrochrome production facilities.
“When we put Sudbury forward, we were pretty specific about the language,” said Boor. “That remains our base case, but at the same time we identified that technically viable is different from economically viable, and a lot has to be worked through.”
Boor said the location of the production facilities is one of the many trade-offs to be considered in how the direction of the entire massive mining, processing and transportation infrastructure will unfold.