It's welcome news for Cliffs Natural Resources.
Spokesperson Jennifer Mihalcin says the province's move to set up a development corporation for the Ring of Fire mining project is something the mining giant believes could help to encourage the venture to move forward.
The new corporation is designed to help achieve the goals of all parties involved in the Ring of Fire.
Details still have to be worked out, but Northern Development and Mines Minister Michael Gravelle
says they are looking for interested companies to become partners in the new Developmen
t Corporation.