Why is Ontario’s Ring of Fire on the Back Burner?

It seems like everyone is behaving like petulant school children over this. On the other hand, every year development is delayed increases the possibility of cleaner mining and processing techniques becoming available.

The world will cope.

The biggest player in the area is Cleveland-based Cliffs Natural Resources Inc. Last year, Cliffs decided to throw in the towel on the Ring of Fire after failing to reach agreements with key stakeholders including First Nations and the Ontario government. They are currently trying to find a buyer for their chromite assets in northern Ontario and although some of the other area explorers have expressed interest, Cliffs doesn’t seem optimistic that a buyer will be found.