19
Nov
00:00
Cliffs expects Bloom Lake mine closure to cost up to $700m
U.S.-headquartered Cliffs Natural Resources says that it is pursuing exit options for its Eastern Canadian iron ore operations which may result in the closure of its Bloom Lake mine. Such a move could cost the company up to $700 million, the miner confirms.
The company says that, in spite of continued interest by potential equity partners, “…the potential investment is not achievable within a time frame acceptable to Cliffs”. With expansio…
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Anonymous
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