Cliffs Natural Resources Inc

US stocks slip, Dec. 11-17

U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…

The concentrator building at the now-shuttered Bloom Lake iron ore mine, photographed in 2010 when it was in operation. Credit: Consolidated Thompson Iron Mines

Champion Iron buys Bloom Lake for $10.5M

Champion Iron (TSX: CIA; ASX: CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine in the Labrador Trough for a fraction of its previous purchase price.

US stocks rise, Nov. 13-19

U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…

The headframe at St Andrew Goldfields' flagship Holt gold mine, 53 km east of Timmins, Ontario, which operates at a rate of 1,300 tonnes per day. Credit: St Andrew Goldfields

Cliffs shutters Northshore amid weak iron ore demand

Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…

By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.