Noront out of the running for Freewest

TSX-listed Noront Resources has bowed out of the battle for explorer Freewest Resources Canada, after just 4,5% of the other company's shares were tendered into its hostile offer before it expired on Friday. Noront confirmed that it did not...

Cliffs hikes Freewest offer, Noront unlikely to follow

Cleveland-based Cliffs Natural Resources has sweetened its offer for Canadian junior Freewest Resources Canada to C$211-million, topping the latest competing bid from Toronto-based Noront Resources. Noront announced earlier this week it would...

Noront bolsters offer for Freewest, topping Cliffs

Toronto-based Noront Resources has jumped back into the fight for Freewest Resources Canada, raising an earlier hostile bid to beat a friendly offer for Freewest from US miner Cliffs Natural Resources. Noront said on Monday that its “final”...

Cliffs prepares to tackle ferrochrome market

Cleveland, Ohio-based Cliffs Natural Resources, which already sells iron ore and coal to steelmakers, now expects to be producing and shipping ferrochrome, an ingredient used to prevent corrosion in stainless steel, by 2015. On Monday, the...

Cliffs agrees to buy Canada's Freewest

US iron-ore and coal miner Cliffs Natural Resources has agreed to buy Montreal-based chromite junior Freewest Resources, the two companies announced on Monday. Freewest is exploring in Canada's 'Ring of Fire' district, an emerging multimetal...

Freewest unmoved by 'opportunistic' Noront offer

Toronto-based Noront Resources announced on Monday it plans to make an all-share offer for rival Freewest Resources Canada worth about C$90-million, in a move to increase its presence in the 'Ring of Fire' exploration district in the James Bay...