Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in the permitting phase of its flagship Eagle’s Nest nickel/copper/platinum group element mine, located in the RoF, would buy from two Cliffs subsidiaries about 103 claims, including a 100% interest in the Cliff’s prized Black Thor chromite deposit; and a 100% interest in the Black Label chromite deposit.
Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in the permitting phase of its flagship Eagle’s Nest nickel/copper/platinum group element mine, located in the RoF, would buy from two Cliffs subsidiaries about 103 claims, including a 100% interest in the Cliff’s prized Black Thor chromite deposit; and a 100% interest in the Black Label chromite deposit.
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