Wednesday, June 12, 2013

Cliffs Suspending Ring of Fire Project

Cliffs Natural Resources is temporarily suspending its environmental assessment activities for the Ring of Fire in northern Ontario.

The company is citing a number of delays and uncertainty including provincial and federal environmental assessments as well as unresolved issues related to land surface rights.

Cliffs also cites ``unfinished agreements with the Government of Ontario that are critical to the project's economic viability.''

The company says it will continue to work with the provincial government and First Nations communities in an attempt to restart the work.