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Noront increases stake at Ring of Fire

There’s a big shake up at the Ring of Fire.   Junior mining company Noront Resources has a deal with Cliffs Natural Resources to buy most of its chromite assets in the area.  The agreement is worth $20-million.   The transaction still needs court approval.   Noront has already completed a three-year environmental at the site, which if approved, would give them the green light to start building a mine later this year.

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