Cliffs gets nod from China for Consolidated Thompson deal

- May 10th, 2011

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.

For the complete editorial, click here.

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2 responses to “Cliffs gets nod from China for Consolidated Thompson deal

  1. This is a bunch of propaganda. China wants its people to put their savings into Silver and Gold. Ask the people in Cyprus if they wished they had put some savings in Silver instead of the bank. The financial system is imploding and Silver will benefit.

  2. This is a bunch of propaganda. China wants its people to put their savings into Silver and Gold. Ask the people in Cyprus if they wished they had put some savings in Silver instead of the bank. The financial system is imploding and Silver will benefit.

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