Ring of Fire Ring of Fire The Ring of Fire is a major area in the basin of the Pacific Ocean where many earthquakes and volcanic eruptions occur. In a large horseshoe shape, it is associated with a nearly continuous series of oceanic trenches, volcanic arcs, and volcanic belts and plate movements. It has 452 volcanoes (more than 75% of the world's active and dormant volcanoes). The Ring of Fire is sometimes called the circum-Pacific belt. About 90% of the world's earthquakes and 81% of the world's largest earthquakes occur along the Ring of Fire. All but three of the world's 25 largest
Ring of Fire (Northern Ontario) of about "1.5 million hectares". Although the Ring of Fire crescent covers 5,000 square kilometres (approximately 1,930 square miles), most discoveries made by 2012 were within a twenty-kilometre-long strip. Ontario's Minister of Northern Development, Mines and Forestry Michael Gravelle called the region "home to one of the most promising mineral development opportunities in Ontario in more than a century". Tony Clement, Canada's Treasury Board President and the FedNor minister responsible for the Ring of Fire, claimed it will be the economic equivalent of the Athabasca oil sands, with a potential of generating $120 billion. Clement says the Ring of Fire