Cliffs moves Canadian chromite project to feasibility stage

US diversified miner Cliffs Natural Resources on Wednesday said its board decided to proceed with a feasibility study for a $3.3-billion chromite mine in northern Ontario, adding it selected Sudbury to host a planned ferrochrome smelter. The...

Cliffs more than doubles quarterly dividend

Cleveland-based Cliffs Natural Resources said on Tuesday it approved a 123% increase to its quarterly dividend to $0.625 a share, as part of a strategic capital allocation plan. "The substantial dividend increase reinforces Cliffs' strong outlook...

Cliffs exec leaves abruptly on two-year pay package

Cliffs Natural Resources, the biggest iron-ore pellet producer in North America, said late on Friday global metallics VP William Brake would leave the company effective March 31 on two years pay. Brake would also receive a year’s incentive...

Canada chromite project costs triple - Cliffs

The cost of developing what may be the largest chromite deposit in North America has tripled from the original $1-billion estimate, a major participant, Cliffs Natural Resources, said on Thursday. "Initially we did go out with a billion-dollar...

Century hires former Cliffs, Consolidated Thompson manager

Canadian iron-ore hopeful Century Iron Mines has appointed Hubert Vallee, a former Cliffs and Consolidated Thompson manager, as logistics, mine development and operations VP, the company said on Monday. Vallee was part of the team that built the...

Oliver pushes for Ring of Fire development

Canada's Natural Resources Minister Joe Oliver on Tuesday continued his crusade to cut down on environmental approval timelines for major projects, to encourage the potential C$92-billion in mining investment the government sees over the next ten...

Nonconventional nickel hopeful touts 'game changing' deposit

A Vancouver-based explorer is hoping to dig up naturally occurring stainless steel at its Decar Project in north-east British Columbia, and aims to have a preliminary economic assessment (PEA) on what could be “game changing” for the nickel...

Cliffs Natural Resources to spend $1bn in 2012

Diversified miner Cliffs Natural Resources has budgeted $1-billion for capital expenditure in 2012, with more than half going into its Canadian iron-ore operations. While the amount is 12% more than what the Cleveland-based company spent last...

Cliffs lowers 2011 coal forecast

Cleveland-based Cliffs Natural Resources has cut its North American coal sales forecast, after severe weather damaged facilities at an Alabama mine and the company halted another operation because of high carbon-monoxide levels. The group now...

Cleveland to start mining at Premier gold mine in Brazil

The board of ASX-listed Cleveland has given the go-ahead for mining to start at the Premier gold project, in Brazil, following a board review of the mining and engineering study. Cleveland MD David Mendelawitz said on Friday that the study showed...

Cliffs restarts Alabama coal mine

Cleveland-based Cliffs Natural Resources has begun mining again at its Oak Grove mine in Alabama, after surface operations were hit by a tornado late last month, but will stockpile the raw coal until it repairs damage to the mine's infrastructure...

Cliffs says Alabama mine hit by tornado

Cliffs Natural Resources is assessing the damage at its Oak Grove coal mine in Alabama, after the operations were struck by severe weather “including a tornado storm”, late on Wednesday. All mine operations employees are accounted for and...