Remember the days when the government of Ontario told us this revelation? Cliffs was trading at $50 per share.



Cliffs Natural Resoures Black Thor chromite mine project is set in the Ring of Fire region in northern Ontario.

Cliffs in driver's seat on road to Ring of Fire: minister


CBC News Posted: Jun 20, 2012

Mining minister Rick Bartolucci says Cliffs Natural Resources will take the lead on figuring how the road to the Ring of Fire is built and financed.

"Through discussions with Cliffs, [the company] determined that the north-south corridor was the corridor of choice for them and so that discussion took place and the determination was made," Bartolucci said during a visit to Thunder Bay this week.

And Bartolucci said the American company is driving the discussion as plans for the road move forward.

"Once the agreement is finalized, then obviously the parametres of the agreement will be made public," Bartolucci said.

Ontario Ministry of Northern Development and Mines Minister Rick Bartolucci said talks continue with Cliffs Natural Resources about how a road to the Ring of Fire will be built.