Coal Investing News » Cliffs Wants Majority of Big Daddy Chromite Project

Cliffs Wants Majority of Big Daddy Chromite Project

May 25, 2010 @ 6:02 pm In Coal Company News

Cliffs Natural Resources ^[1](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."

Click here to access the entire news ^[2]

Article printed from Coal Investing News: http://coalinvestingnews.com

URL to article: http://coalinvestingnews.com/1447/cliffs-wants-majority-of-big-daddy-chromite-project/

URLs in this post:

[1] Cliffs Natural Resources : http://www.cliffsnaturalresources.com/Pages/Home.aspx

[2] Click here to access the entire news: http://www.miningweekly.com/article/cliffs-seeks-majority-ownership-of-big-daddy-chromite-project-2010-05-25