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2011112 Cleveland based Cliffs Natural Resources has agreed to buy Canadian iron ore producer Consolidated Thompson Iron Mines for C 4 9 billion
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Lac Otelnuk partners Adriana and Wuhan Iron amp Steel have ringfenced costs for the Labrador Trough iron ore project beyond 2020 While spending at Lac Otelnuk has been minimised until an iron ore price recovery supports development Adriana says the cash call protects their investment and allows them to determine other priorities
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Cliffs Natural Resources completes C 4 9 billion
May 12 2011 nbsp 0183 32On May 12 2011 Cliffs Natural Resources Inc closed on its acquisition of Consolidated Thompson Iron Mines Cliffs financed the approximately C 4 9 billion including net debt transaction through committed financing including a C 1 25 billion term loan C 750 million in bridge financing and available cash on hand
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