Cliffs Natural Resources Inc

NICKEL-IRON: Cliffs pulls out of Decar

August 27, 2014 by Canadian Mining Journal Staff

BRITISH COLUMBIA – Cliffs Natural Resources, 60% owner and operator of the Decar nickel-iron project 80 km north of Fort St. James, has informed partner First Point Minerals Corp. of Vancouver that the project no longer fits its current…

Ousted Cliffs CEO to receive US$11M payment

August 18, 2014 by Canadian Mining Journal Staff

Struggling iron ore and coal miner Cliffs (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

MINING PEOPLE: Gary Halverson ousted from Cliffs

August 11, 2014 by Canadian Mining Journal Staff

CLEVELAND, Ohio – Sudbury native Gary Halverson has been removed as president and CEO of Cliffs Natural Resources. The move comes following a rancorous proxy battle won by New York hedge fund Casablanca Capital at the end of July 2014.

Newfoundland and Labrador minerals sector reports widespread activity

August 1, 2014 by Phil Saunders*

This year, Newfoundland and Labrador celebrates 150 years of modern mining, going back to the opening of the Tilt Cove copper mine in the historic, and still productive, Baie Verte mining district.

Editorial: Cliffs and Casablanca – the start of a beautiful friendship?

July 31, 2014 by Canadian Mining Journal Staff

It’s the biggest shareholder revolt of the current downturn in mining, but as we go to press it looks like Casablanca Capital has succeeded fulsomely in its long-shot bid to swamp the 11-member board of Cliffs Natural Resources with six…

NICKEL-IRON: First Point test markets Decar concentrates

April 22, 2014 by Canadian Mining Journal Staff

BRITISH COLUMBIA – The results of the first market test of awaruite (nickel-iron alloy) concentrates from the Decar project are positive, says First Point Minerals Corp of Vancouver. The project, located 80 km north of Fort St James, is…

IRON ORE: Cliffs idles Wabush Mines amid capex cuts

February 12, 2014 by Canadian Mining Journal Staff

CLEVELAND, Ohio – Cliffs Natural Resources is slashing its 2014 capital expenditure budget by more than 50%. This year it has a budget of between US$375 million and US$425, compared to the US$862 million it spent in 2013.

Editorial: The Cliffs Notes on the Ring of Fire

November 28, 2013 by Canadian Mining Journal Staff

Dear Ontario, there’s been way too much off base and irresponsible commentary in the province about Cliffs Natural Resources’ decision to shelve its Ring of Fire chromite project. And so, in the spirit of afternoon reality TV and…

COMMENT: Cliffs abandons Ring of Fire

November 21, 2013 by Canadian Mining Journal Staff

Cliffs Natural Resources, the American miner that was so hot to gain control of chromite deposits in Ontario’s Ring of Fire, is packing up and going home.

COMMENT: Ontario to create Ring of Fire development corporation

November 11, 2013 by Canadian Mining Journal Staff

Last Friday in Thunder Bay, Ontario’s Northern Development and Mines Minister Michael Gravelle announced that the province will establish a development corporation to move mining projects forward in the Ring of Fire. The province promises to…

MINING PEOPLE: Cliffs, IROCK, and Mises Canada

October 31, 2013 by Canadian Mining Journal Staff

Gary Halverson, CMJ’s 1999 Best Mine Manager in Canada, has been named president and COO of Cliffs Natural Resources in Cleveland, OH. A native of Sudbury, ON, he has had a diverse and successful career in the gold, copper and nickel…

COMMENT: Cliffs threatens pull out of Ring of Fire

October 22, 2013 by Canadian Mining Journal Staff

I can hear it now: “I told you so” from nationalists who believe nothing good ever comes from letting a foreign corporation take over a Canadian miner or junior. After all, it seems as soon as Vale bought Inco, a year long strike began…