Cliffs Natural Resources is pushing
back the start of production at its Ring of Fire chromite deposit in
the James Bay lowlands by one year.
In its latest investor presentation,
the Ohio miner said Black Thor will begin production in 2016.
“The final decision on the furnace
location (in Sudbury) took Cliffs longer than originally planned,”
said spokeswoman Pat Persico by email. “This was due to the
necessary discussions held with the province of Ontario regarding
power and road. As these are very important decisions driving the
long-term project, Cliffs is focused on making the best choices and
adjusting schedules accordingly.”
First Nations concerns about the
project's impact on the environment and the lack of consultation were
not a factor in adjusting the development timeline, she said.
Black Thor is considered by Cliffs as a
“tier one asset” with a proposed production rate of 600,000 tons
of ferrochrome and one million tons of concentrate.