So the prospect of a ferrochrome processing facility locating here has prompted a local group to mobilize an opposition effort. Members of the opposition group suggested that Mayor Provenzano’s comments that the team developing the proposal to be the potential host site have hit a home run was the motivation that rallied their troops to speak out in opposition.
With the Ring of Fire’s new access road development plans moving forward, as a result of the Ontario government working together with three northern First Nations bands, the rich mineral deposits in this James Bay region may now have a viable way out.
Chromite, nickel, copper, and platinum are present at this site, and may potentially be one of the richest deposits found in a very long time. Financial forecasts of the deposit’s value are in the 30 billion to 60 billion range. This is certainly a game changer for that northern region, and a potential major economic generator for all of Ontario.
Chromite is used in the making of stainless steel, but first it must be smelted into ferrochrome, and this is where Sault Ste. Marie enters the picture. The Port of Algoma site, located on one of the largest transportation infrastructure waterways (the Great Lakes), is ideal.
We have everything necessary for a good business case. One of the major property owners in the Ring of Fire region, NorOnt Resources Inc., has asked Sault Ste. Marie to submit a bid for such a plant.
For the rest of this article: http://www.saultstar.com/2017/12/07/plant-needs-public-support—oconnor