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) Bay. The Ring of Fire was named when the first significant mineral finds were made in the region, by Richard Nemis, after Johnny Cash's famous country and western ballad. Nemis, the founder and president of Noront Resources, was a lifelong fan of the singer. Prior to its discovery, Canada and the United States were compelled to rely on offshore sources for chromite, principally from South Africa. By the fall of 2011, the Ring of Fire was considered "one of the largest potential mineral reserves in Ontario" with "more than 35 junior and intermediate mining and exploration companies covering an area