Miner Plans on Shipping Chromite to Asia

CBC reported that Cliffs Natural Resources (NYSE:CLF) will seek an exemption from an Act requiring ore mined in Ontario to be processed in Ontario.

As quoted in the market news:

The company will process material at the mine site — upgrading the chromite ore to concentrate, and that most of what Cliffs mines will end up being refined at the ferrochrome smelter it plans to build in northern Ontario.

Click here to read the full CBC report.