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) 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