Tens of thousands of mining claims have been staked throughout Northern Ontario in an area called the Ring of Fire. Experts predict that mining and related business activities could be worth over $120 billion.
View maps of the Ring of Fire area and learn more about the emerging opportunities.
The Ring of Fire is a mineral rich area, located 500 kilometres northeast of Thunder Bay Ontario, in an area referred to as the James Bay lowlands. Currently there are over 100 mining companies in the region, with 30,000 claims. The area includes what is said to be the largest deposit of chromite ever discovered in North America, estimated to be worth as much as 50 billion dollars, with a projection of processing 80,000 tons of chromite annually. The mineral is commonly used to make stainless steel.
The Ring of Fire is spread over the traditional lands of area First Nations, with the closest communities being Webequie and Marten Falls.
Want to learn more about First Nations? Find more information about Aboriginal populations in Northwestern Ontario here.
The Ring of Fire has been referred to by the Provincial Government as “the most promising mineral development opportunity in almost a century in Ontario.” It is expected to light up Northern Ontario’s mining industry with the potential to generate thousands of jobs and economic growth for the province for years to come. Other minerals that have also been found in the Ring of Fire include nickel, copper and platinum.
In spring 2014, the Government of Ontario announcement a commitment of $1 billion toward developing the Ring of Fire.
The Ring of Fire has the potential to create thousands of employment opportunities in the North. Mining is an incredibly diverse sector with more than 100 occupations ranging from entry level jobs to skilled and technical positions. The mining sector currently employs close to 400,000 people in Canada.
Currently the key player in the Ring of Fire is: Noront Resources. Companies will be contracted by the key players to provide services during different phases of the mining process.
• Camp Construction
• Camp Management
• Camp Maintenance
• Equipment Rentals
• Road Maintenance
To learn more about mining opportunities in the region including a Mining Sector Directory, visit Thunder Bay Community Economic Development Centre.