Ring of Fire in 1929; a magnitude 8.1 in 1949 (Canada's largest recorded earthquake); and a magnitude 7.4 in 1970. The Ring of Fire is a direct result of plate tectonics: the movement and collisions of lithospheric plates. The eastern section of the ring is the result of the Nazca Plate and the Cocos Plate being subducted beneath the westward-moving South American Plate. The Cocos Plate is being subducted beneath the Caribbean Plate, in Central America. A portion of the Pacific Plate and the small Juan de Fuca Plate are being subducted beneath the North American Plate. Along the northern portion, the northwestward-moving
Ring of Fire (Northern Ontario) tonnes per year for more than thirty years". Carrabba announced that the ore would be "further processed into 400,000–800,000 tonnes of ferrochrome". The purchase was finalized in 2010. According to Carrabba the area of the Ring of Fire that Cliffs acquired in 2009 represents one of the "premier chromite deposits in the world. Chromite is smelted to produce ferrochrome which is used globally in the production of stainless steel and is categorized as a strategic metal resource by many countries. In May 2012, Cliffs announced a "$3.3-billion investment to build a chromite mine, transportation corridor and processing facility in northern