Controversy over Infrastructure Construction Between Cliffs and KWG Could Hamper Economic Success of Ring of Fire

The Sudbury Star reported that the “Ring of Fire” deposit’s economic success hinges on support from infrastructure. However, the construction of roads and rail lines is mired in controversy.

As quoted in the market report:

Since Cliffs announced its decision to move its $3.2-billion chromite project into the feasibility phase last May, and the Ontario government’s decision to “support in principle” the north-south infrastructure corridor, junior explorer KWG Resources has been largely ignored. This might be a mistake, as KWG CEO Frank Smeenk, through the company’s Canada Chrome subsidiary, controls the key strategic transportation route into the region, as well as 30% of the Big Daddy chromite deposit.

To view the whole Sudbury Star report, click here.