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 Q1 profit down 11% as mining, transport costs spike

Iron-ore and coal producer Cliffs Natural Resources on Wednesday reported an 11.1% drop in profit for the first quarter to $376-million, or $2.63 a share. This was the result of increased mining and transportation costs, which spiked by 85% to...

Noront enters into C$10m private placement with RCF V

Mining junior Noront Resouces on Tuesday said it had entered into a C$10-million private placement with Resource Capital Fund V (RCF V) to advance development of its flagship Eagle’s Nest nickel/copper/platinum/palladium project in north-western...

Noront triples chromite resource in Ring of Fire

Toronto-based Noront Resources said on Tuesday it increased the size of the measured and indicated chromite resources at the Blackbird project in northern Ontario 130% to 20.5-million tons. The company also said it planned to do an internal study...

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...

Cliffs misses expectations with 52% Q4 profit fall

Diversified miner Cliffs Natural Resources on Wednesday reported a 52% drop in fourth-quarter earnings to $185-million, or $1.30 a share, well shy of analyst expectations. For the full year, North America’s biggest iron-ore pellet producer said...

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...