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Nov 21, 2013
TORONTO – A major U.S. player in northern Ontario’s Ring of Fire says it’s indefinitely suspending its chromite project in the mineral-rich area.
Cliffs Natural Resources Inc. says its affiliate, Cliffs Chromite Ontario Inc., will not allocate additional capital for the project.
Cliffs cites the uncertain timeline and risks associated with the development of necessary infrastructure to bring the project online for the suspension.
In June of this year, Cliffs suspended environmental assessment activities because of issues impeding the progress of the project.