Overview. Ontario’s Ring of Fire region is one of the most promising mineral development opportunities for critical minerals in the province. It’s located approximately 500 kilometres northeast of Thunder Bay and covers about 5,000 square kilometres.
What is the Canadian Ring of Fire?
The Ring of Fire is the name given to a massive planned chromite mining and smelting development project in the mineral-rich James Bay Lowlands of Northern Ontario.
Who owns Ring of Fire Ontario?
Noront Resources Ltd.
offered $617 million in cash to buy Noront Resources Ltd., ending a bidding war with fellow Australian mining giant BHP Group, and emerging as the presumptive new owner of the collection of mineral claims in Ontario’s James Bay Lowlands known as the Ring of Fire.
What’s at stake in Ontario’s Ring of Fire?
Wyloo Metals and BHP are facing off to gain control of Canadian junior mining firm Noront Resources. At stake are the nickel deposits in the Ring of Fire that Noront controls — a key component of electric vehicle batteries, and a resource miners are rushing to secure ahead of a forecasted burst of demand.
How much is the Ring of Fire in Ontario worth?
In the short-term (first 10 years), the Ring of Fire will: • generate up to $9.4 billion in GDP; • generate up to $6.2 billion for Ontario’s mining industry; • sustain up to 5,500 jobs annually (full time equivalents); and • generate nearly $2 billion in government revenue, divided between the federal, provincial, and
When was the Ring of Fire Discovered Ontario?
2007
The “Ring of Fire” was first discovered in 2007, leading to a massive rush of mining companies staking claims in the area. Chromite, used to manufacture a key component of stainless steel, was identified as a key resource by companies including Noront.
Is the Canadian Shield a mountain range?
This is a vast, deeply dissected mountain range, stretching from northernmost Ellesmere Island to the northernmost tip of Labrador. The range’s highest peak is Nunavut’s Barbeau Peak at 2,616 metres (8,583 ft) above sea level. Precambrian rock is the major component of the bedrock.
How many mines are currently in the far north of Ontario?
In addition to 40 mines, there are currently 21 mills for metal mines in Ontario. The province also has five refineries and three smelters (note that Cameco’s Uranium Conversion facility is in the same classification as smelters) for metal mines.
Who signed Treaty 9?
9 (also known as The James Bay Treaty) is a numbered treaty first signed in 1905-1906 between Anishinaabe (Algonquin and Ojibway) and Omushkegowuk Cree communities and the Canadian Crown, which includes both the government of Canada and the government of the province of Ontario.
Is there lithium in the Ring of Fire?
The Ring of Fire was originally promoted as a source of chromite, an important component in steel. Now the hype centres on its supply of minerals used in EV batteries and energy storage systems, including cobalt, lithium, manganese, nickel, graphite and copper.
What is the biggest mine in Canada?
Canadian Malartic
Top 10 largest gold mines in Canada in 2020 – report
| Mine | Province / Territory | |
|---|---|---|
| 1 | Canadian Malartic | Quebec |
| 2 | Detour Lake | Ontario |
| 3 | LaRonde (incl. LZ5) | Quebec |
| 4 | Brucejack | BC |
Where is Ontario Ring of Fire?
The Ring of Fire is the name given to the emerging mining district in the James Bay Lowlands region, located 500 kilometers northeast of Thunder Bay in Northern Ontario.
Why is the Ring of Fire Ontario Important?
Ontario’s Ring of Fire region is one of the most promising mineral development opportunities for critical minerals in the province. It’s located approximately 500 kilometres northeast of Thunder Bay and covers about 5,000 square kilometres. The region has long-term potential to produce: chromite.
What natural resources are found in the Ring of Fire?
“Without the road there’s no Ring of Fire development, which means there’s no exploration.” Noront holds eight mineral deposits of chromite, nickel, copper, zinc, platinum, palladium, along with 100 documented mineral occurrences with showings of gold, titanium, vanadium, diamonds and cobalt.
How does the Ring of Fire affect the economy?
An economic analysis conducted by the OCC has estimated that within 10 years, the Ring of Fire could generate up to $9.4 Billion in GDP, sustain up to 5500 jobs annually, and generate nearly $2 Billion in government revenue; further projections contend that within 25 years, it would generate over $25 billion in GDP,
Where are the Hudson Bay Lowlands located?
Hudson Bay Lowland, a wetland area of Canada that covers about 320,000 square km (123,553 square miles) on the southern shores of Hudson Bay and James Bay, surrounded by the Canadian Shield. It falls largely in Ontario and Manitoba, with a small extension into Quebec.
Is mining the Ring of Fire going to damage the environment?
Mining exploration causing permanent damage in Ring of Fire, Wildlands League says. Photos released Monday by the Wildlands League are proof that mining activity is causing permanent damage in a fragile ecosystem in northern Ontario, according to the environmental group.
Why would you live in the Ring of Fire?
Like mentioned before, many people are living in the Ring of Fire because, even on the fault lines. Japan, Hawaii, and Papua are among the places passed through by the intersections. That’s why, in those places we can find many active volcanoes and earthquakes occurs more frequently.
Is Niagara Falls in the Canadian Shield?
The Niagara Region is located on a portion of a great plain which runs east to west from the northern Laurentian Highlands (Canadian Shield) approximately 161 kilometres north of Toronto, Ontario to the southern Allegheny Plateau which form the foothills of the Adirondack Mountains and the Appalachian Mountains.
Is Ottawa part of the Canadian Shield?
Major cities that are located in the Canadian Shield are Sudbury, Ottawa, Montreal, Quebec, Iqaluit, Thunder Bay, and Winnipeg. The Canadian shield was formed throughout 3 billion years through the process of plate tectonics, glaciation and erosion’s.
How thick is the Canadian Shield?
The sedimentary cover is less than a mile thick on the platform, but it increases to about 2.5 miles (4 km) in the Hudson Bay, Michigan, Williston, and Illinois sedimentary basins and to 4 miles (6 km) and more in troughs adjacent to the peripheral orogenic belts.
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