Pacific Ocean closed loop of the andesite line are most of the deep troughs, submerged volcanic mountains, and oceanic volcanic islands that characterize the Pacific basin. Here basaltic lavas gently flow out of rifts to build huge dome-shaped volcanic mountains whose eroded summits form island arcs, chains, and clusters. Outside the andesite line, volcanism is of the explosive type, and the Pacific Ring of Fire is the world's foremost belt of explosive volcanism. The Ring of Fire is named after the several hundred active volcanoes that sit above the various subduction zones. The Pacific Ocean is the only ocean which is almost
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