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) that will spin-off jobs and economic activity for generations". In May 2012, Cliffs Natural Resources announced its intention of investing $3.3-billion in Northern Ontario's Ring of Fire region, which would include a chromite mine, a transportation corridor and a smelter in Sudbury, Ontario. Cliffs initially invested $550-million to acquire and begin development. By 2013, Cliffs had suspended the project "after numerous delays and difficult discussions with the province [of Ontario] and the First Nations communities". Cliffs sold its assets to the smaller Canadian company, Noront Resources Ltd. for USD20 million. In February 2013, KWG Resources, a Toronto-based junior miner, released