Cliffs Natural Resource has decided to ice its Black Thor chromite mine project, but Noront Resources, a Ring of Fire neighbour, maintains its still full speed ahead on development of its deposits.
Noront “reaffirmed” its plans to continue development of its Eagle's Nest mine project and remains on track to deliver its environmental assessment (EA) by year's end.
“Noront’s schedule is based on the Eagle’s Nest project being the first mine developed in the Ring of Fire,” said company president and CEO Alan Coutts in a Nov. 20 statement. “Our projections have not been dependent on the development plans of other mining companies.
Noront is working its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the high-grade Blackbird chromite deposit, both of which are located in the James Bay Lowlands of Ontario.
“We look forward to participating in the proposed development corporation with the First Nations, and the provincial and federal governments to advance infrastructure planning for the region. As we near completion of our EA process, clarity regarding the timing and financing of this infrastructure will become paramount.”