News Cliffs is out, Noront is in at Ring of Fire SHARE ON: Taylor Ablett, staff Tuesday, Mar. 24th, 2015 A big shake up at the Ring of Fire. Junior mining company Noront Resources has struck a deal with Cliffs Natural Resources to buy most of the company’s chromite assets in the area, in a $20M deal. The transaction is still awaiting court approval. Noront has already completed a three-year environmental at the site, which if approved, would give them the green light to start building a mine.