Cliffs hit by falling prices, cold weather
A harsh winter and low iron-ore and coal prices ensured that Cliffs Natural Resources (NYSE: CLF) would disappoint on its first-quarter earnings.
Cliffs Natural Resources Inc
U.S. equities down, April 21-25
The crisis in Ukraine, where five pro-Moscow rebels were killed on April 24, weighed on U.S. stocks during the trading week. The Dow Jones Industrial Average dropped 0.29% to 16,361.46, while the S&P 500 Index remained more or less…
Ontario gov’t reignites Ring of Fire with $1B pledge, First Nations agreements
VANCOUVER — The Ontario government is offering up $1 billion to build a transportation corridor into the Ring of Fire camp in remote northern Ontario, and the funds are the latest in a series of government moves to restore interest in an…
U.S. equities remain in positive territory, Feb. 10-14
It was the second straight week of gains for U.S. stock indexes despite some soft economic data showing that industrial production in January fell 0.3%. But the good news trumped the bad, with U.S. export prices climbing 0.2% in January,…
Cliffs puts the brakes on spending, swings to Q4 profit
On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…
TNM’s Gwen Preston discusses Cliffs’ closure of Wabush Mines on CBC TV
Northern Miner senior staff writer Gwen Preston appeared as a guest on CBC TV’s extensive coverage of Cliffs Natural Resources’ (NYSE:CLF) closure of the Wabush Mines iron ore mine in western Labrador.
Casablanca urges Cliffs to spin off international assets
Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…
Zenyatta sinks on Albany’s resource estimate
Zenyatta Ventures (TSXV: ZEN) has published its first resource estimate on its 100% Albany vein-type graphite deposit in the Arc of Fire region within northern Ontario’s Porcupine Mining district, sending its shares sliding.
Wolfden digs into Armstrong
Wolfden Resources (TSXV: WLF) is looking to repeat the success of its former namesake, and if it can do it, it will take the province of New Brunswick along for the ride.
US markets, Nov. 25-29
The Dow Jones Industrial Average and the S&P 500 marked their eighth straight week of gains, with the Dow climbing 21.64 points, or 0.14% to 16,086.41, and the S&P 500 up 1.05 points, or 0.10% to 1,805.81. The eight-week streak for the…
Cliffs shelves Ring of Fire chromite project
VANCOUVER — Five years ago, when explorers discovered chromite in northern Ontario’s James Bay lowlands region, the metal’s primary finished form — ferrochrome, a key steelmaking ingredient — was worth US$6 per kg,…
Editorial: The Cliffs Notes on the Ring of Fire
Dear Ontario, there’s been way too much off-base and irresponsible commentary in the province about Cliffs Natural Resources’ decision to shelve its Ring of Fire Chromite project. And so, in the spirit of afternoon reality TV and…