Ontario May Give Cliffs A Mining Act Exemption

Winnipeg Free Press reported that Cliffs Natural Resources (NYSE:CLF) may get a Mining Act exemption so it can export up to 40% of mined chromite for processing.

As quoted in the market news:

In the legislature, the NDP released testimony from Cliffs’ vice-president Bill Boor before a Commons committee in February showing the company plans to export up to 40 per cent of the chromite offshore for processing into a key ingredient of stainless steel.

Click here to read the full Winnipeg Free Press report.