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) 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