The Sudbury Star is the City of Greater Sudbury’s daily newspaper.
The Ontario Chamber of Commerce has given the federal government a failing grade — an F — for not recognizing that the Ring of Fire should be a national economic opportunity.
The Ontario umbrella group and the Greater Sudbury Chamber of Commerce coreleased a report today saying little progress has been made in the year since they issued a first report, “Beneath the Surface: Uncovering the Economic Potential of the Ring of Fire.”
That report said the Ring of Fire would generate $25 billion in economic activity and create thousands of jobs in Ontario in its first 32 years.
The report is being presented this afternoon in Toronto to movers and shakers whom the Ontario Chamber of Commerce is trying to interest in development of the vast chromite deposits in the James Bay Lowlands.
The new report, “Where Are We Now? A Report Card on the Ring of Fire,” concludes permitting delays, a lack of infrastructure and “intergovernmental quarrelling” have stalled development in the Ring.
The report evaluates progress in seven key barriers to developing the region and concludes it will be years before a first mine is opened in the Ring.