From the time the Ring of Fire was discovered in 2007, politicians and industry leaders have emphasized the potential economic value of the remote, mineral-rich area in northern Ontario.
That has intensified in recent weeks, with Ontario Mines Minister George Pirie saying recently: “Anecdotally, mining people are saying this is a trillion-dollar project.”
Pirie told Global News in a recent documentary that the $1-trillion amount was “not a formal valuation,” but was “based on the increased value of critical minerals that are already established being in the ground.”
Professionals and researchers in mining and resource governance have called the minister’s comments exaggerated and even
