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Cliffs gets nod from China for Consolidated Thompson deal
May. 10, 2011 07:51AM PST
Base Metals Investing Mining Weekly reports that Cliffs Natural Resources (NYSE:CLF) has approval from the Chinese Ministry of Commerce for the C$4.9-billion buyout Consolidated Thompson (TSE:CLM).
Mining Weekly reports that Cliffs Natural Resources (NYSE:CLF) has approval from the Chinese Ministry of Commerce for the C$4.9-billion buyout Consolidated Thompson (TSX:CLM).
The editorial is quoted as saying,
Cliffs announced its bid for Consolidated Thompson, which owns a mine in Canada’s Labrador Trough, in January, to gain access to customers in China, the world’s biggest steel producer.