Ring of Fire volcanic development which surrounds the shores of the Pacific from Tierra del Fuego around to the Moluccas." (Matthew Perry, "Narrative of the Expedition of an American Squadron to the China Seas and Japan, 1852-54," Introduction, Section I, "Name, Extent, and Geography") About 90% of the world's earthquakes and 81% of the world's largest earthquakes occur along the Ring of Fire. The next most seismically active region (5–6% of earthquakes and 17% of the world's largest earthquakes) is the Alpide belt, which extends from Java to the northern Atlantic Ocean via the Himalayas and southern Europe. All but three of the
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