Noront Resources: Locking Down the Ring of Fire

Noront Resources: Locking Down the Ring of Fire

Noront announced Monday that it's entered into an agreement to acquire, among other things, Cliffs subsidiaries Cliffs Chromite Ontario and Cliffs Chromite Far North. All in all, the transaction includes about 103 claims that comprise 100-percent interests in the Black Thor and Black Label chromite deposits, plus a 70-percent interest in the Big Daddy chromite deposit.

Noront Resources Closing in on Ontario’s Ring of Fire

The company's acquisition of the McFaulds Lake exploration camp and associated equipment is being pointed to as further proof of its desire to gain the upper hand in Ontario's Ring of Fire.

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Company News

Merafe Reports Higher Q4 Attributable Ferrochrome Output

Mining Weekly reported that attributable ferrochrome production from Merafe Resources Ltd. (OTCMKTS:MRAFY) rose by 3 percent year-on-year during 2014's fourth quarter. Output totaled 92,000 tonnes.

KWG Pleased with Search Report for New Chromite Reduction Process

KWG Resources Inc. (TSXV:KWG) announced that the US Patent Office's International Searching Authority has given it an International Search Report regarding its application to patent a new process for reducing chromite using natural gas, a carbon reductant and a catalyst formulation.

Tasman Acquires Two Chromite Projects in Finland

Tasman Metals Ltd. (TSXV:TSM) has entered into an agreement with Kipu Metals Corp. under which the company will acquire a 100-percent interest in a portfolio of stratiform chromite projects in Northeastern Finland.

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Market News

European Ferrochrome Benchmark Lowered for Q1 2015

Mining Weekly reported that according to Merafe Resources Ltd. (JSE:MRF), the European ferrochrome benchmark price has been settled 6 percent lower for the first quarter of 2015.

Greg Rickford Not a Fan of Ontario’s Ring of Fire Plan

CBC News reported that Greg Rickford, Canada's federal natural resources minister, believes Ontario's plan for the Ring of Fire has "serious structural problems" and thus he's cautious about partnering with the province to help develop infrastructure in the area.

Ring of Fire Geology: An Overview

Geology for Investors published an overview of Ontario's Ring of Fire. It looks at the region's geology and outlines issues with infrastructure, also touching on which companies are currently working there.

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