Deals
Cliffs Says It’s Talking to Steelmakers About Bloom Lake
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Cliffs Natural Resources Inc., the U.S. iron ore producer cut to junk by Standard & Poor’s last week, said it’s in talks with steelmakers about selling a stake in its Bloom Lake mine in Canada.
Investors in the project would get a share of its ore output, Chairman and Chief Executive Officer Lourenco Goncalves said today in a telephone interview.