Cliffs Assets Said to Draw Interest From Australia Miners

Cliffs Natural Resources Inc., the U.S. iron-ore producer, has drawn interest for its Australian mines from producers including Mineral Resources Ltd. and Mount Gibson Iron Ltd., people with knowledge of the matter said.

The Australian companies are weighing bids for the iron-ore mines in Western Australia state that may be valued at as much as A$1 billion ($876 million), said the people, asking not to be identified as the details are private. No formal offers have been made yet and there is no certainty the U.S. company will agree to sell the assets, the people said.