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Wednesday, November 19, 2014

Cliffs looking to exit Canadian iron ore operations, (NYSE: CLF)

Cliffs Natural Resources Inc said it was looking to exit its Eastern Canadian iron ore operations, which may result in the closure of its Bloom Lake mine in Quebec. Cliffs said last month that it was in talks with three "big steelmakers" to invest in the Bloom Lake mine. (Reporting By Shubhankar Chakravorty in Bangalore; Editing by Simon Jennings)

Cliffs Natural Resources Inc. is an international mining and natural resources company. Shares of CLF fell by 5.9% or $-0.64/share to $10.21. In the past year, the shares have traded as low as $7.00 and as high as $28.12. On average, 11088400 shares of CLF exchange hands on a given day and today's volume is recorded at 12854490.