The Greater Sudbury Chamber of Commerce (GSCC) is pleased with this morning’s announcement by Cliffs Natural Resources to design, build and operate a $1.8 billion chromite processing facility in Capreol.
“The next chapter for the city and entire northern region begins in earnest today,” said Mark Weiman, Chair of the GSCC. “We look forward to the opportunities that await our businesses and northern communities as we begin a long period of prosperity and renewal.”
Cleveland based Cliffs Natural Resources announced a $3.3-billion investment to build a chromite mine, transportation corridor and processing facility in Northern Ontario’s Ring of Fire that would lead to a new generation of prosperity in the north, with thousands of jobs and new infrastructure.
The Ring of Fire represents one of the most significant mineral regions in the province, and includes the largest deposit of chromite ever discovered in North America. The chromite found in this area, 540 kilometres northeast of Thunder Bay, is a key ingredient used to create stainless steel.
For more information, contact
Jonathan Laderoute
Manager of Policy and Communication
Greater Sudbury Chamber of Commerce
673-7133 x 228
cell: 677-5735