Cliffs gets nod from China for Consolidated Thompson deal

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.

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