Industrial Metals

The Canadian Environmental Assessment Agency reported that Cliffs’ (NYSE:CLF) proposed chromite mine will undergo a ‘comprehensive study’ environmental review despite the request of two First Nations councils and several non-governmental organizations for a public panel review.

The Canadian Environmental Assessment Agency reported that Cliffs’  (NYSE:CLF) proposed chromite mine will undergo a ‘comprehensive study’ environmental review despite the request of two First Nations councils and several non-governmental organizations for a public panel review.

As quoted in the press release:

Cliffs’ project is the most advanced of several projects being developed in the much-touted “Ring of Fire”. If approved, Cliffs’ project would open the entire region and establish the infrastructure for future developments. Located on the border between the Hudson Bay Lowlands and the boreal forest of the Canadian Shield, the “Ring of Fire” is ecologically sensitive and a valued part of the traditional territories of the Matawa and Mushkegowuk First Nations who have travelled, hunted, and fished throughout the area for millennia. The First Nations expect the federal and provincial governments to honour their obligations to share both the decision making process and any benefits that may come from development in the area.

Click here to read the Cliffs’  (NYSE:CLF) press release

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