Base Metals

Forbes reports that Cliffs Natural Resources (NYSE:CLF) announced the outlook for its newly acquired operations and estimates stocks at $103 a share.

Forbes reports that Cliffs Natural Resources (NYSE:CLF) announced the outlook for its newly acquired operations and estimates stocks at $103 a share.

The market news is quoted as saying,

Cliffs announced that operations at the Bloom Lake Mine acquired from Consolidated Thompson recently are ramping up to reach 8 million tons of iron ore for the year. [1] Cliffs can claim production for seven-and-a-half months for 2011, and so this is expected to result in sales of about 4.8 million tons of iron ore for the company’s North American iron ore division.

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