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Cliffs Natural Resources Inc. to Sell its Chromite Assets in Canada
Mar. 24, 2015 03:31AM PST
Base Metals Investing Cliffs Natural Resources Inc. (NYSE: CLF) announced its agreement to sell its Chromite assets in Northern Ontario, Canada to Noront Resources Ltd. for $20 million.
Cliffs Natural Resources Inc. (NYSE: CLF) announced its agreement to sell its Chromite assets in Northern Ontario, Canada to Noront Resources Ltd. for $20 million.
As quoted in the press release
The sale of these assets to Noront, an experienced mining company with a strategic interest in the Ring of Fire region, further demonstrates execution of Cliffs’ strategy which includes divesting non-core assets and focusing on being the major supplier of iron ore pellets to the North American steel industry.
Click here for the full Cliffs Natural Resources Inc. (NYSE:CLF) press release
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