Cliffs Natural Resources Inc
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CAPITAL SPENDING: Nearly half of Cliffs budget going to Canadian iron ore business
QUEBEC – Cliffs Natural Resources of Cleveland, OH, plans to invest US$1 billion in capital projects during 2012, and almost half of the budget is earmarked for the Bloom Lake iron ore mine expansion near Fermont.
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Booming Business
The metal-rich Labrador Trough is a world-class iron ore mining district in eastern Canada, that has been producing continuously since 1954. This belt of Proterozoic iron formation spans the entire width of western Labrador and extends into…
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INFRASTRUCTURE: Funding sought for railway to Ring of Fire
ONTARIO – Canada Chrome Corp., a subsidiary of KWG Resources of Montreal, and Greenstone Economic Development Corp. have applied to PPP Canada for as much as $496 million with which to fund building a railway to the Ring of Fire mineral…
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OUTLOOK: Newfoundland and Labrador exports continue to grow
The following was excerpted from material supplied by Export Development Canada, and paints an encouraging picture for the province.
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CHROMITE: Cliffs releases Black Thor details for discussion
ONTARIO – Cliffs Natural Resources of Cleveland, OH, in connection with its ongoing discussions with stakeholders, released preliminary project information for potential development of its Black Thor chromite deposit in the McFaulds Lake region…
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METALLURGICAL TESTS: Big Daddy ore suitable for direct shipping
ONTARIO – KWG Resources of Montreal has received results of a preliminary report on Big Daddy chromite ore from its deposit in the Ring of Fire saying that after crushing and screening the yield of saleable material as direct shipping lumpy…
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CORPORATE SOCIAL RESPONSIBILITY: Ring of Fire chiefs invited to join Canada Chrome board
MONTREAL – KWG Resources has extended invitation to the chief of five First Nations in the Ring of Fire area to join the board of its subsidiary Canada Chrome Corp. Today’s era of corporate social responsibility demand that aboriginal groups be…
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MERGER: Cliffs deal values Consolidated Thompson at $4.9 billion
MONTREAL – Cliffs Natural Resources of Cleveland, OH, has made a $4.9-billion all-cash bid to acquire Consolidated Thompson Iron Mines, the company that recently put the Bloom Lake iron ore mine near Fermont, QC, into production. Cliffs is…
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MINING PEOPLE IN THE NEWS: Barrick, Capstone, Cliffs, Donner, Kaminak, NovaGold and San Gold
Toronto-based Barrick Gold has named Alistair Baker VP corporate development on an interim basis to replace senior VP corporate development Darren Blasutti who is leaving the company on Jan. 7, 2011, to pursue other opportunities.
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CAPITAL SPENDING: OMA outlines plans worth $8.5-B in Ontario
New mines and mine expansions are reinforcing the mineral sector’s role in the foundation of Ontario’s economy. Ontario’s economy is going through the pains of transformation as it moves from a manufacturing base to a service and knowledge…
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DIAMOND EXPLORATION: Renforth completes earn-in for Kyle kimberlites
ONTARIO – Toronto-based Renforth Resources has completed its 55% earn-in on the Kyle kimberlites in the James …
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TAKEOVER: Cliffs wins battle for Big Daddy
ONTARIO – Having a superior offer from Cliffs Natural Resources of Cleveland, Spider Resources of Toronto has …
