Analysts Leery of Cliffs’ Threat

- December 2nd, 2011

The Sudbury Star reported that Cliffs Natural Resources (NYSE:CLF) will have a hard time getting an exemption to process chromite ore outside of Canada.

The Sudbury Star reported that Cliffs Natural Resources (NYSE:CLF) will have a hard time getting an exemption to process chromite ore outside of Canada.

As quoted in the market news:

Although still planning to build a smelter somewhere in Ontario…company officials have said demand from Chinese smelters will drive volumes for the concentrate, making its export economically viable. Standing in the way of this plan is the Ontario Mining Act, which requires that ore produced in the region must be processed in the region — though the province and Cliffs appear to differ on how processing is defined.

Click here to read the full Sudbury Star report.

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