Cliffs Wants Majority of Big Daddy Chromite Project

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Tue, May 25, 2010

Coal Company News
Post by Mike Rodger, Coal Reporter

Cliffs Natural Resources (NYSE: CLF), US coal and iron-ore miner, plans to acquire TSX-Venture Exchange-listed KWG Resources and TSX-Venture Exchange-listed Spider Resources for a combined C$186-million in the hopes of owning marjority of the Big Daddy chromite project.

Cliffs Ferroalloys president William Boor is quoted saying:

“However, obtaining control of Big Daddy would enable Cliffs to develop the most appropriate integrated long-term mine plan for moving this new mining district forward.”

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